Last $44.30 USD
Change Today +0.25 / 0.57%
Volume 1.9M
CPB On Other Exchanges
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Exchange
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

campbell soup co (CPB) Snapshot

Open
$44.23
Previous Close
$44.05
Day High
$44.58
Day Low
$43.97
52 Week High
06/19/14 - $46.67
52 Week Low
02/5/14 - $39.60
Market Cap
13.9B
Average Volume 10 Days
1.8M
EPS TTM
$2.53
Shares Outstanding
313.3M
EX-Date
01/8/15
P/E TM
17.5x
Dividend
$1.25
Dividend Yield
2.82%
Current Stock Chart for CAMPBELL SOUP CO (CPB)

campbell soup co (CPB) Details

Campbell Soup Company, together with its subsidiaries, manufactures and markets convenience food products. It operates through U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages; and Bolthouse and Foodservice segments. The U.S. Simple Meals segment offers Campbell’s condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell’s gravies, pasta, beans and dinner sauces; and Swanson canned poultry. The Global Baking and Snacking segment offers Pepperidge Farm cookies, crackers, bakery, and frozen products in the United States retail; and Arnott’s biscuits in Australia and Asia Pacific. The International Simple Meals and Beverages segment is involved in the retail business in Canada; and the simple meals and beverages business in Asia Pacific, Latin America, and China. The U.S. Beverages segment engages in the retail sale of beverages, including V8 juices and beverages, and Campbell’s tomato juice in the United States. The Bolthouse and Foodservice segment provides Bolthouse Farms carrot products consisting of fresh carrots, juice concentrate, and fiber; and the Bolthouse Farms super-premium refrigerated beverages and refrigerated salad dressings. The segment also distributes products, such as soup, specialty entrées, beverage products, other prepared foods, and Pepperidge Farm products through various food service channels in the United States and Canada. The company sells its products through retail food chains, mass discounters, mass merchandisers, club stores, convenience stores, drug stores, dollar stores and other retail, commercial, and non-commercial establishments in the United States, Canada, and Latin America; through retail food chains, convenience stores, and other retail, commercial and non-commercial establishments in the Asia Pacific region. Campbell Soup Company was founded in 1869 and is headquartered in Camden, New Jersey.

campbell soup co (CPB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $486.0K
Senior Vice President and President of Campbe...
Total Annual Compensation: $944.2K
Senior Vice President and President of Campbe...
Total Annual Compensation: $620.8K
Chief Legal & Public Affairs Officer and Seni...
Total Annual Compensation: $729.5K
Compensation as of Fiscal Year 2014.

campbell soup co (CPB) Key Developments

Campbell Soup Co. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 2, 2014; Revises Earnings Guidance for the Fiscal Year 2015

Campbell Soup Co. reported unaudited consolidated earnings results for the first quarter ended November 2, 2014. For the period, the company reported net sales of $2,255 million against $2,165 million a year ago. Earnings before interest and taxes were $368 million against $305 million a year ago. Earnings before taxes were $343 million against $275 million a year ago. Earnings from continuing operations were $234 million or $0.74 per diluted share against $180 million or $0.57 per diluted share a year ago. Net earnings attributable to the company were $234 million or $0.74 per diluted share against $172 million or $0.54 per diluted share a year ago. Net debt was $4,527 million against $4,086 million a year ago. Net cash provided by operating activities was $188 million compared with $38 million in the prior year. Purchases of plant assets were $62 million against $52 million a year ago. Adjusted earnings before interest and taxes were $368 million against $337 million a year ago. Adjusted earnings before taxes were $343 million against $307 million a year ago. Adjusted earnings from continuing operations attributable to the company were $234 million or $0.74 per diluted share against $209 million or $0.66 per diluted share a year ago. Adjusted net earnings attributable to company were $234 million or $0.74 per diluted share million against $200 million or $0.63 per diluted share a year ago. Due to the unanticipated volatility in foreign currencies, the company has lowered the bottom of the range of its fiscal year 2015 guidance. Based on currency rates effective at quarter end, currency is estimated to have a negative 1-point impact on both reported sales and earnings, or $0.03 per share. The company now expects growth of 0% to 2% in sales; -1% to +2% in adjusted EBIT; and -1% to +2% in adjusted EPS, or $2.42 to $2.50 per share. This guidance is based on an adjusted 52-week 2014 base. The company's previous guidance was growth of 1% to 2% in sales; 0% to 2% in adjusted EBIT; and 0% to 2% in adjusted EPS, or $2.45 to $2.50 per share. The company continues to expect capital expenditures of about $400 million for the year as increase capacity to support growth in faster-growing businesses. Gross margin percentage for the full year to decline 50 to 100 basis points due largely to the residual cost inflation and cost to maintain customer service levels as recover from the early spike in demand. Tax rate remained relatively flat, declining 40 basis points to 31.8%.

Campbell Soup Seeks Acquisitions

Campbell Soup Company (NYSE:CPB) is looking for acquisition opportunities. Denise Morrison, President and Chief Executive Officer of Campbell said, "We have said previously that some acquisition may be required to further diversify our portfolio and we still believe that to be the case. But that said, we have also said and still are very tight with this, we have a very disciplined approach to how we evaluate acquisitions and the strategic fit of acquisitions into our program here. We do have the financial flexibility to make a meaningful acquisition if we can find one that is a good fit and gives us the returns that we would expect to create value over time. So we still are active in this space but we are being much disciplined about our approach to it."

Campbell Soup Company Approves Amendment to By-Laws

On November 19, 2014, the Board of Directors of Campbell Soup Company approved an amendment to Article II, Section 1 of By-Laws, effective November 19, 2014, to change the size of the Board from 16 to 14 directors.

 

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