Sep. 29, 2015, 4:47 PM
- Campbell Soup (NYSE:CPB) has a new chairman of the board, as it's elected Les Vinney to succeed Paul Charron effective Nov. 1.
- Vinney, a former CEO of STERIS, has been on the board since 2003. He also previously was CFO at Goodrich.
- Charron joined the Campbell Soup board in 2003 as well, and has been chairman for six years.
Sep. 28, 2015, 5:29 PM
- Campbell Soup (NYSE:CPB) declares $0.312/share quarterly dividend, in line with previous.
- Forward yield 2.46%
- Payable Nov. 2; for shareholders of record Oct. 14; ex-div Oct. 12.
Sep. 25, 2015, 2:04 PM
- Packaged food stocks are ahead of broad market averages for the day. There are some consistent themes playing out in the sector which have increased interest in select names. Topping the list are M&A potential, activist investor action, and good old-fashioned fundamental valuation.
- Gainers: Treehouse Foods (NYSE:THS) +3.1%, B&G Foods (NYSE:BGS) +2.9%, ConAgra Foods (NYSE:CAG) +2.7%, Kellogg (NYSE:K) +2.6%, General Mills (NYSE:GIS) +2.3%, Campbell Soup (NYSE:CPB) +2.3%, J.M. Smucker (NYSE:SJM) +1.6%.
Sep. 16, 2015, 11:01 AM
- A statement from Anheuser-Busch InBev (BUD +5%) indicates the company must make a formal offer for SABMiller (OTCPK:SBMRY +19.5%) before October 14 or take a pass on the mega-merger to stay in compliance with U.K. law.
- There's a ripple effect with beer stocks circling the globe that includes distributors such as Compania Cervecerias Unidas (CCU +3.1%), Fomento Economico Mexicano (FMX +1.8%), AmBev (ABEV +2.1%).
- Another intriguing aspect of a potential A-B takeover of SABMiller is the side effects on the food industry if 3G Capital is fully engaged on the deal. 3G is a major player in food mergers and a factor in how investors value companies such as Mondelez International (MDLZ +0.2%), PepsiCo (PEP +0.4%), TreeHouse Foods (THS +0.1%), Campbell Soup (CPB +1.9%), JM Smucker (SJM +1.1%), and other food names.
- A-B InBev statement (.pdf)
- Previously: AB InBev prepping offer for SABMiller
- Previously: Beer stock rally with M&A on tap
Sep. 9, 2015, 1:35 PM
Sep. 8, 2015, 11:55 AM
- Angie's Artisan Treats plans to invest over a million dollars in a new manufacturing and distribution facility in Nevada in a bid to launch Boomchickapop as one of the nation's fastest-growing popcorn brands.
- Angie's Artisan Treats was reported last year to be a target of Campbell Soup (CPB +1.5%).
- Popcorn sales in the U.S. have been revitalized by the emergence of a number of specialty sellers including Skinny Pop maker Amplify Brands (BETR +2.7%).
- Previously: Strong growth for ready-to-eat popcorn (Jan. 28 2015)
Sep. 3, 2015, 7:42 AM
- Campbell Soup (NYSE:CPB) reports organic sales rose 1% in FQ4.
- Revenue by segments: U.S. simple meals: $505M (-3%); Global baking and snacking: $553M (-12%); International simple meals and beverages: $142M (-24%); U.S. beverages: $165M (-10%); Bolthouse and foodservice: $328M (-2%).
- Total volume and mix fell 1% for the quarter.
- Adjusted gross margin rate grew 180 bps to 36.1% due to productivity improvements, higher selling prices and lower promotional spending.
- FY2016 Guidance: Net sales: 0 to +1%; Adjusted EBIT: +3% to +5%; Adjusted EPS: $2.53 to $2.58.
Sep. 3, 2015, 7:16 AM
- Campbell Soup (NYSE:CPB): FQ4 EPS of $0.43 beats by $0.01.
- Revenue of $1.69B (-8.6% Y/Y) in-line.
Sep. 2, 2015, 5:30 PM
Aug. 31, 2015, 8:03 AM
- Campbell Soup (NYSE:CPB) is sticking with a plan to transition itself through key acquisitions such as Bolthouse Farms and Garden Fresh Gourmet.
- The company is also making strides on the expense side with key cost-cutting measures.
- Campbell Soup reports quarterly earnings on September 3 to give investors a look at how the new initiatives are developing. Analysts expect revenue of $1.709B and EPS of $0.42.
Aug. 20, 2015, 3:20 PM
- 3G Capital continues to be a major influence in the food industry as recent job cuts at Kraft and Heinz send a strong message.
- Management at Nestle (OTCPK:NSRGY), Mondelez International (NASDAQ:MDLZ), Kellogg (NYSE:K), and Campbell Soup (NYSE:CPB) are utilizing a "zero-base budgeting" philosophy similar to the efficiency model pushed by 3G, according to Bloomberg.
- Kraft Heinz (NASDAQ:KHC) is expected to cut $1.5B in annual costs before 2018, a disciplined approach likely to be copied by peers.
Aug. 19, 2015, 11:38 AM
- Large food companies need to focus on bold M&A and innovation actions over recharging iconic brands, concludes Rabobank in a new report on the sector.
- A shift in consumer preferences has sparked a need to introduce new brands which are on trend - instead of focusing on "innovation-lite" and product reformulation strategies. Buying promising brands at an earlier stage than normal is seen as a forward-thinking strategy.
- Related stocks: KHC, MDLZ, PEP, KO, OTCPK:NSRGY, OTCPK:NSRGF, WWAV, HAIN, K, GIS, POST, CPB, PF, THS.
Aug. 12, 2015, 12:47 PM
- Corn prices have swung sharply lower after the USDA raised a forecast for corn production off of improved yields.
- The corn crop is seen coming in at 13.686B bushels vs. 13.53B prior forecast and 13.332B consensus estimate.
- Food sellers could see some back-half cost and feed relief if the trend holds.
- Related stocks: GIS, K, POST, KO, PEP, PPC, CPB, TSN, SEB, SJM.
- Related ETF: CORN
- USDA Crop Production report.
Jul. 22, 2015, 3:56 PM
- Campbell Soup (CPB +1.8%) trades higher after investors focused on the company's lift in EPS guidance over the reduced forecast for organic revenue growth.
- At its Investor Day meeting today, the food concern said it will increase its focus on categories with growth potential including health and packaged fresh.
- Increased disclosures on how food is made and ingredients picked will be made available on the whatsinmyfood.com website.
- Campbell Soup plans to remove artificial colors and flavors from most of its North American products by the end of FY18.
- Earnings call webcast
- Previously: Campbell Soup raises profit guidance at investor meeting (July 22)
Jul. 22, 2015, 8:25 AM
- Campbell Soup (NYSE:CPB) issues a strategic update ahead of an investor meeting.
- The company highlighted the advantages of changing reporting segments by product type to Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh.
- New cost reduction initiatives are seen generating $75M in savings this fiscal year. The annual savings target is lifted to $250M from $200M.
- Favorable gross margin performance has led to a boost in profit guidance. Campbell sees 2015 EPS of $2.43-$2.48 vs. $2.32-$2.38 prior and $2.38 consensus.
- CPB +1.65% premarket to $48.25.
Jun. 30, 2015, 11:54 AM
- Campbell Soup (NYSE:CPB) is up 2.53% on a large volume spike.
- There is unconfirmed speculation the company hired a strategic adviser.
- It's been an active day for the food sector with ConAgra's announcement it would exit the private label business creating a stir.
- Previously: TreeHouse Foods and Post seen as possible ConAgra private label buyers (June 30)
Campbell Soup Co. engaged in manufacturing and marketing of convenience food products includes soup and sauces, baked snacks and healthy beverages through its subsidiaries. It operates through five segments: U.S. Simple Meals, Global Baking and Snacking, International Simple Meals & Beverages,... More
Sector: Consumer Goods
Industry: Processed & Packaged Goods
Country: United States
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