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Campbell Soup Co Add to portfolio

INX:CPB, Jul 13, 08:05 UTC

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Friday, July 10


News

Cassandra Campbell Joins LeaseLock as VP of Product

CPB

Fintech executive and former head of product at Fair will oversee all products as company surpasses 150,000 apartments homes launched. LeaseLock, the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds, and guarantors in rental housing, today announced Cassandra Campbell as Vice President of Product. LeaseLock has established category leadership in the deposit replacement space and Campbell will help scale out the product, engineering, and data teams to further accelerate market uptake. In February, she hosted the "Building Products with Inclusion in Mind" panel at Google’s office in Venice, Calif. Campbell was also a panelist member at the Google Cloud Summer Series 2019 and remains active as a Techstars start-up mentor.

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  • Financial
  • Science

Tuesday, July 07


News

San Diego Community News Group - LETTER Pacific Beach Town Council opposes Councilmember Campbell s short term rental proposal

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Prompted by corporate lobbyists, District 2 Councilmember Jen Campbell is working with Expedia to legalize visitor accommodations in our residential neighborhoods while ignoring key stakeholders. The announcement on July 1 about a “compromise” framework for short-term vacation rentals regulation came as a surprise to Pacific Beach residents and organizations as we have been seeking a solution since 2007. As stakeholders, we’ve been ignored. Community town councils, planning groups, and residents were not consulted on this “compromise,” although many of us have reached out to the District 2council office since Councilmember Campbell was elected, and meeting requests have been consistently. We’re appalled at the process in which STVR operators, a labor union, and a multi-billion dollar corporation were the only ones at the table producing a “compromise” that radically and completely alters our residential zoning laws only to their benefit at the expense of San Diego residents.

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  • Science
  • US

Monday, July 06


News

Why Campbell Soup (CPB) Is A Compelling Investment Case

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Third Point said that Campbell Soup Co (NYSE:CPB) stock returned 6% in the fourth quarter and 55% in the full-year 2019. For the quarter ended December 31st, 2019, Third Point Offshore fund recorded a return of 3.9%, compared to 9.1% of the S&P 500 Index. Our initial foray into Campbell was met with skepticism, both in terms of the difficulty in effecting change in a family-controlled board and the seeming difficulty in turning around what most thought was a moribund and declining business. We saw things differently and created an opening for an attractive settlement with the board by securing support from all proxy advisory firms and building consensus among non-family shareholders around the need for change. Given strong 2019 performance, we took some profits and reduced our position to below 5% of the company, however we remain enthusiastic about Clouse’s leadership and Campbell’s future and are pleased to have played a role in repositioning this iconic company."

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  • Financial

Friday, July 03


News

Why Is Campbell (CPB) Up 1.1% Since Last Earnings Report?

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Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Campbell Soup Q3 Earnings Beat Estimates, View RaisedCampbell Soup released third-quarter fiscal 2020 results. The upside was backed by higher adjusted EBIT and reduced interest expenses.Net sales came in at $2,238 million in the quarter, which advanced 15% year over year. However, the top line missed the Zacks Consensus Estimate of $2,278 million. Organic sales (excluding the impact from the divested European business) grew 17% on the back of solid volumes in both Meals & Beverages and Snacks segments. Campbell paid out dividends worth $320 million during the first nine months of fiscal 2020 at the rate of 35 cents per share.Other Developments & Fiscal 2020 OutlookDuring the quarter under review, Campbell generated savings worth $30 million as part of its multi-year, cost-saving program, which included synergies associated with the Snyder’s-Lance buyout.

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  • Financial

Wednesday, June 24


News

Campbell Declares Quarterly Dividend

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CAMDEN, N.J.--(BUSINESS WIRE)--The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.35 per share. The quarterly dividend is payable Aug. 3, 2020 to shareholders of record at the close of business July 15, 2020. Campbell (NYSE:CPB) is driven and inspired by our purpose, "Real food that matters for life's moments." For generations, people have trusted Campbell to provide authentic, flavorful and affordable snacks, soups and simple meals, and beverages. The company is a member of the Standard and Poor's 500 and the FTSE4Good Index. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.

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Monday, June 22


News

Why Campbell Soup's Stock Is Trading Higher Today

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Campbell Soup (NYSE: CPB) shares are trading higher on Monday after Jefferies upgraded the stock from Hold to Buy and announced a price target of $59 per share. Campbell Soup is now a leading global manufacturer and marketer of branded convenience food products, most notably soup. Campbell has made a handful of acquisitions to reshape its product mix the past few years, including the tie-up with Snyder's-Lance (completed in March 2018), which stands to enhance its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup. Campbell Soup shares were trading up 0.83% at $49.55 on Monday.

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Thursday, June 18


News

Campbell Soup: The Good Times May Last After All

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Campbell Soup is one of the oldest manufacturers of branded convenience food in the U.S. Founded back in 1869, the New Jersey-based company manufactures and markets a wide range of food and beverage products, most notably soup. Campbell Soup witnessed a solid quarter in the first few months of 2020, in which it saw its overall sales rise 15% to $2.24 billion with a 17% growth in organic sales (excluding the impact of acquisitions, divestitures and currency exchange). Campbell Soup has seen different phases of consumer behavior with respect to its product-buying trends over the past quarters. When the lockdowns started, consumers were eager to stock up on convenient, easy-to-make packaged foods like pasta, sauces, soups and so on, which led to double-digit growth in organic sales and a 35% growth in core soup sales. Since most of these items have a long shelf life and moreover, consumers did not have the option to go out to restaurants, a company like Campbell Soup had a lot to benefit from the situation.

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  • Business
  • Financial

Wednesday, June 17


News

Campbell's Shepparton plans on increasing export volume

CPB

Campbell's Soups Shepparton is gunning to boost its export volumes to Asian markets following the pandemic in what would be a win for job security and district suppliers. Arnott's International supply chain vice-president Craig Funnell said Campbell's Shepparton had invested $18 million over the past five years in securing export volume, with a further $16 million potentially in the pipeline. Throughout the pandemic, Campbell's Shepparton has been working closely with district suppliers in the Goulburn Valley such as Visy and Provincial Food group to meet increased demand. Mr Funnell said the Campbell’s Shepparton plant must carefully manage costs to remain cost competitive as it competes against Campbell’s Malaysian operations for the additional Asian volume to Korea, Philippines, Thailand and Singapore.

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Tuesday, June 16


News

Campbell Soup Gets Sales Boost As Consumers Still Loading Pantries Even After The Economy Reopening

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Campbell Soup Gets Sales Boost As Consumers Still Loading Pantries Even After The Economy Reopening. Consumers are continuing to stock Campbell Soup Company’s (NYSE: CPB) products in their pantries even as states begin to reopen their economies, according to CEO Mark Clouse. Referring to IRI data showing a boost in sales of more than 50% during the peak of the pandemic for Campbell brands such as Pepperidge Farm and Snyder’s of Hanover, Clouse said, “If you go deeper down that [IRI] list, you’re going to see some soup numbers that are right around 20%, and that is the first week of June, traditionally, perhaps, not the time where you’re seeing that kind of growth.”. Clouse attributed the increased sales to consumer “behaviors that were built in last several months,” which have the “real potential to continue to provide a catalyst for improved results.”. Even though all 50 states have emerged from lockdowns, nearly half of the states have reported a rise in new infections, according to CNBC.

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Topics:
  • Business
  • Health
  • Financial

Thursday, June 11


News

Price Over Earnings Overview: Campbell Soup

CPB

Looking into the current session, Campbell Soup Inc. (NYSE: CPB) is trading at $48.90, after a 0.08% drop. Over the past month, the stock decreased by 7.68%, but over the past year, it actually increased by 15.71%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. Compared to the aggregate P/E ratio of 25.24 in the Packaged Foods industry, Campbell Soup Inc. has a higher P/E ratio of 29.84.

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  • Business
  • Financial