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Campbell Soup Co CPB

Morningstar Rating
$46.22 −0.18 (0.39%)
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Company Report

In the Face of Macro and Competitive Consternation, Campbell's Unwavering Brand Investments a Plus

CEO Mark Clouse’s tenure has been fraught with change since joining Campbell Soup in January 2019. The company parted ways with its fresh business and the bulk of its international operations while working to steady its core meals, beverages, and snacking arms. While the global pandemic and inflation have had an impact, we don’t think recent performance (organic sales up low- to mid-single-digits on a two-year stacked basis) is a byproduct of stepped-up consumer stockups of essential fare and recent price hikes to dull inflation's sting. Rather, we think Campbell’s strategic focus has set it on a sound course, leveraging technology, data insights, and artificial intelligence to bring consumer-valued products to market in a timely fashion while reducing complexity, investing in automation, and optimizing its supply chain and manufacturing network. In addition, we expect Campbell will continue to pursue inoragnic opportunities within its core strengths to unlock fresh consumer insights and complement its mix.

Price vs Fair Value

CPB is trading at a 234% premium.
Price
$46.22
Fair Value
$65.00
Uncertainty
Medium
1-Star Price
$48.25
5-Star Price
$44.40
Economic Moat
Jdmz
Capital Allocation
Lkqpppnj

Bulls Say, Bears Say

Bulls

Removing excess costs should afford Campbell the fuel to reinvest in its brands, nearly one dozen of which generate more than $100 million in sales each year.

Bears

An acceleration in labor, logistics, packaging, and raw material costs could stifle Campbell's ability to drive much in the way of margin gains.

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News

Trading Information

Previous Close Price
$46.40
Day Range
$45.7846.45
52-Week Range
$37.9448.63
Bid/Ask
$45.40 / $47.18
Market Cap
$13.80 Bil
Volume/Avg
2.0 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
15.56
Price/Sales
1.47
Dividend Yield (Trailing)
3.20%
Dividend Yield (Forward)
3.20%
Total Yield
3.54%

Company Profile

Over the past 150-plus years, Campbell Soup has evolved into a leading packaged food manufacturer in North America, with a portfolio that extends beyond its iconic red-and-white labeled canned soup. In fiscal 2023, snacks accounted for half of its revenue (50%), followed by soup (29%), other simple meals (13%), and beverages (8%). Outside its namesake, its brands include Pepperidge Farm, Goldfish, Snyder’s of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and recently acquired Rao’s (which closed in March 2024). Nearly 90% of its revenue results from the US and the remainder from Canada and Latin America.
Sector
Consumer Defensive
Industry
Packaged Foods
Stock Style Box
Mid Value
Total Number of Employees
14,500

Competitors

Valuation

Metric
CPB
GIS
PEP
Price/Earnings (Normalized)
15.5614.2921.17
Price/Book Value
3.523.8411.85
Price/Sales
1.471.892.52
Price/Cash Flow
10.5911.3716.97
Price/Earnings
CPB
GIS
PEP

Financial Strength

Metric
CPB
GIS
PEP
Quick Ratio
0.220.340.60
Current Ratio
0.620.650.83
Interest Coverage
5.587.0414.88
Quick Ratio
CPB
GIS
PEP

Profitability

Metric
CPB
GIS
PEP
Return on Assets (Normalized)
6.95%8.45%11.02%
Return on Equity (Normalized)
23.61%27.01%58.48%
Return on Invested Capital (Normalized)
11.59%13.40%18.27%
Return on Assets
CPB
GIS
PEP
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