Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-05
CPB [bullish]
The Campbell's Company
-22.48%
current return
Author Info
No bio for this author
Company Info
The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally.
Market Cap
$9.7B
Pitch Price
$41.98
Price Target
61.00 (+87%)
Dividend
4.79%
Sector
Food Products
Category
value
Campbell Soup Company: Competitive Angst Overshadows Prudent Investments and Solid Execution
CPB $61 PT: Sovos buy boosts mix. Flat Q3 org sales but vol. improving. Adj GM +30bps as savings offset inflation. Investing in innovation vs promos. Bears say costs may crimp margins & PL rivalry risk vol/price. Wide moat: 60% soup share, strong brands (41% pretzel share), 5% of sales to R&D/mktg. Cost edge: 27% direct margin vs 25% peer med. Sees 1-2% meals & 2-3% snacks LT org growth, 17%+ op margin. M&A focus on insights. Div growth, buybacks seen.
Read full article (11 min)