CPB Stock Recent News

Campbell Soup Company has risen almost 14% in price since January, following the acquisition of Sovos Brands for $2.7 billion. The acquisition makes Campbell Soup a major player in the sauce market, strengthening its brand presence and potentially saving $50 million over the next two years. Despite increased debt from the acquisition, Campbell Soup trades at a justifiable premium price/book value of 3.73, with steady earnings and growth expected.

Food stocks got a big boost on Aug. 14 when the speculation privately held Mars was in serious negotiations to buy Kellanova (NYSE: K ), the owners of Eggo, Cheez-It and many other food brands, turned into confirmation.  Mars will pay $36 billion, or $83.50 a share, a 33% premium to Kellanova's Aug. 2 closing price, the day before Reuters first reported the potential tie-up.

Although the market may have hit a calm relative to the wild volatility witnessed earlier this month, we may not be out of the woods yet. Sure, the CBOE Volatility Index or the VIX has come down significantly from its earlier highs.

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CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE:CPB) today announced that it will transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) on Aug.16, 2024 at the market close. The company will continue to trade under the "CPB" ticker symbol with trading on Nasdaq expected to begin on Aug.19, 2024. The transfer to Nasdaq will provide Campbell with Nasdaq index inclusion opportunities and certain cost savings. Fiscal 2025 I.

CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) today announced the appointment of Jill Pratt as Senior Vice President, Chief Marketing Officer of its Meals & Beverages division, effective July 29, 2024. Pratt will lead the U.S. Consumer Experience team for Campbell's Meals & Beverages division, partnering with the Category and Sales teams to attract new consumers and strengthen customer partnerships. She will be responsible for driving profitable growth, relevance and.

Robert Long to retire after 45 distinguished years in CPG DALLAS , July 16, 2024 /PRNewswire/ -- Kimberly-Clark (NYSE: KMB) today announced that Craig Slavtcheff has been appointed Chief Research and Development Officer, effective July 29. Slavtcheff will succeed Robert Long, who is retiring from the company after 45 years in the CPG industry, including the last three years at Kimberly-Clark.

Campbell Soup's (CPB) Snacks division, anchored by robust power brands, remains solid despite temporary pressures. The acquisition of Sovos Brands has also proven fruitful.

Global food and beverage company Campbell Soup Co. NYSE: CPB reported solid earnings accompanied by raised guidance, but the market continued to sell off shares. However, clues were sprinkled throughout its earnings presentation that indicate a return of growth acceleration is coming in the second half of the calendar year.

The Campbell Soup Company (CPB) posted its third quarter earnings, revealing a 6% year-over-year increase in net sales that totaled $2.23 billion. The company says the sales were due in part to its acquisition of Sovos Brands.