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Campbell Soup Company (CPB)

  • Mon, Jun. 29, 4:46 PM
    • Campbell Soup (NYSE:CPB) announces it completed the acquisition of Garden Fresh Gourmet.
    • The company sees the Garden Fresh brand serving as a complement to its Bolthouse Farms business.
    • Bolthouse and Garden Fresh are part of the company's Campbell Fresh division.
    | Mon, Jun. 29, 4:46 PM | Comment!
  • Thu, Jun. 25, 10:36 AM
    • Campbell Soup (NYSE:CPB) declares $0.312/share quarterly dividend, in line with previous.
    • Forward yield 2.6%
    • Payable Aug. 3; for shareholders of record July 13; ex-div July 9.
    | Thu, Jun. 25, 10:36 AM | Comment!
  • Wed, Jun. 17, 3:26 AM
    • Beginning in 2018, companies will have to seek approval before they can put partially hydrogenated oils into foods, after the FDA said the ingredient should no longer be considered safe and laid out far-reaching restrictions.
    • While not a ban, the FDA's move marks the first restriction on trans fats at the national level. It first proposed the action in 2013.
    • Related tickers: Nestle (OTCPK:NSRGY), PepsiCo (NYSE:PEP), Tyson Foods (NYSE:TSN), Mondelez International (NASDAQ:MDLZ), Unilever (NYSE:UL), General Mills (NYSE:GIS), Kraft Foods (NASDAQ:KRFT), Kellogg (NYSE:K), Dean Foods (NYSE:DF), Campbell Soup (NYSE:CPB), Hormel (NYSE:HRL), Hershey (NYSE:HSY), Pilgrims Pride (NASDAQ:PPC).
    | Wed, Jun. 17, 3:26 AM | 7 Comments
  • Tue, Jun. 9, 7:26 AM
    • Campbell Soup (NYSE:CPB) acquires Garden Fresh Gourmet for $231M.
    • Garden Fresh is a well-known salsa brand in the U.S.
    • The company plans to operate Garden fresh out of its Campbell Fresh division.
    • The deal is expected to close in Q4 and become slightly accretive in FY16.
    | Tue, Jun. 9, 7:26 AM | 4 Comments
  • Mon, Jun. 1, 12:49 PM
    • Iconic food and beverage brands continue to grow out of favor with U.S. consumers, according to a new report from Rabobank.
    • Many Q1 earnings reports tipped off weakness at well-known F&B brands.
    • The bank notes that the increasing purchase power of the millennial generation is a major factor in the shift as e-commerce accounts for a higher mix of purchasing.
    • A willingness of major retail chains such as Target (NYSE:TGT), Kroger (NYSE:KR), and Costco (NASDAQ:COST) to attempt to differentiate themselves with new concepts and products has also contributed to well-known brands slipping.
    • Rabobank thinks major food and beverage players can still show strong growth rates if they are nimble with their strategy and use M&A wisely to catch fresh brands on the upswing.
    | Mon, Jun. 1, 12:49 PM | 6 Comments
  • Fri, May 22, 7:30 AM
    • Campbell Soup (NYSE:CPB) reports organic sales fell 1% in FQ3.
    • Higher selling prices partially offset a drop in volume and decrease in promotional spending during the period.
    • Segment operating earnings: U.S. Simple Meals $147M, Globla Baking and Snacking $80M, International Simple Meals and Beverages $267M, U.S. Beverages $34M, Bolthouse/Foodservice $31M.
    • Gross margin rate +160 bps to 35.9%.
    • Marketing and selling expenses -2% to $213M.
    • Guidance: Campbell sees FY15 sales growth falling in the lower end of the previously-announced range of -1% to +1%. EPS of $2.32-$2.38 seen vs. $2.35 consensus.
    • Previously: Campbell Soup beats by $0.10, misses on revenue
    | Fri, May 22, 7:30 AM | 2 Comments
  • Fri, May 22, 7:18 AM
    • Campbell Soup (NYSE:CPB): FQ3 EPS of $0.62 beats by $0.10.
    • Revenue of $1.9B (-3.6% Y/Y) misses by $30M.
    • Press Release
    | Fri, May 22, 7:18 AM | Comment!
  • Thu, May 21, 5:30 PM
  • Mon, May 18, 7:10 AM
    | Mon, May 18, 7:10 AM | 3 Comments
  • Fri, May 1, 1:57 PM
    • Shares of Campbell Soup (CPB +1.6%) perk up after the Deal mentions Berkshire Hathaway as a potential acquirer of the food company.
    • Campbell Soup has been teed up several times in the past as a Berkshire target without anything coming to pass.
    | Fri, May 1, 1:57 PM | 2 Comments
  • Mon, Apr. 13, 1:06 PM
    • Wal-Mart's (WMT) strategy to increasing pricing pressure on suppliers is likely to be felt by some consumer products giants.
    • Though larger suppliers have more leverage with Wal-Mart than smaller companies, an impact on margins could still be felt.
    • Listed below are the estimated annual revenue and percentage of total revenue derived from the Bentonville retail giant for some CPG firms.
    • Procter & Gamble (NYSE:PG): $12B to mark 14% of total revenue.
    • PepsiCo (NYSE:PEP): $8B, 12% of total revenue.
    • Kraft Foods (NASDAQ:KRFT): $4.7B, 26% of total revenue.
    • Kellogg (NYSE:K): $3.1B, 21% of total revenue.
    • Campbell Soup (NYSE:CPB): $1.6B, 19% of total revenue.
    • J.M. Smucker (NYSE:SJM): $2.35B, 30% of total revenue.
    • Clorox (NYSE:CLX): $1.5B, 26% of total revenue.
    • Hillshire Brands (NYSE:TSN): $1.1B, 27% of total revenue.
    • Keurig Green Mountain (NASDAQ:GMCR): $799M, 17% of total revenue.
    • Energizer (NYSE:ENR): $748M, 17.2% of total revenue.
    • Tootsie Roll (NYSE:TR): $129M. 23.7% of total revenue.
    • Data compiled by the Cincinnati Enquirer
    | Mon, Apr. 13, 1:06 PM | 9 Comments
  • Mon, Mar. 30, 8:29 AM
    • Campbell Soup (NYSE:CPB) initiates an employee separation program as part of its broad cost-cutting initiative.
    • The company expects the program to be wrapped up by the end of the year.
    • Costs of the program will be estimated down the road.
    • SEC Form 8-K
    | Mon, Mar. 30, 8:29 AM | 3 Comments
  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | Thu, Mar. 26, 12:37 PM | 11 Comments
  • Wed, Mar. 25, 5:57 PM
    • Campbell Soup (NYSE:CPB) declares $0.312/share quarterly dividend, in line with previous.
    • Forward yield 2.75%
    • Payable May 4; for shareholders of record April 13; ex-div April 9.
    | Wed, Mar. 25, 5:57 PM | Comment!
  • Wed, Mar. 25, 7:07 AM
    • Food stocks could see a lift today after a high-profile merger between Kraft and Heinz was announced.
    • The sector has been identified by analysts as a likely hotbed for consolidation.
    • Early premarket gainers include Mondelez International (NASDAQ:MDLZ) +2.1%, General Mills (NYSE:GIS) +1.0%, and Campbell Soup (NYSE:CPB) +0.4%.
    • Previously: Kraft, Heinz announce merger
    | Wed, Mar. 25, 7:07 AM | Comment!
  • Mon, Mar. 9, 7:37 AM
    • Wheat prices took a sharp turn lower last week as traders weighed the large amount of global supply versus a tightening of demand in the U.S.
    • Prices have recovered a bit today in front of a Department of Agriculture report, but are expected to see more downward pressure.
    • The development should bring some relief for food companies as supplying contracts are reworked.
    • Related stocks: SJM, FLO, CAG, POST, CPB, GIS, K, PEP, BUD.
    • Related ETF: WEAT.
    • Wheat daily price wheat chart.
    | Mon, Mar. 9, 7:37 AM | 5 Comments
CPB vs. ETF Alternatives
Company Description
Campbell Soup Co together with its subsidiaries is engaged in manufacturing and marketing of branded convenience food products.