|Over a week ago|
Campbell Soup names Carrie Anderson as new CFO » 16:3501/2501/25/23
Campbell Soup (CPB)…
Campbell Soup (CPB) "announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6. Anderson succeeds Mick Beekhuizen, who was appointed President of Campbell's Meals & Beverages division in November 2022. She joins Campbell from Integra LifeSciences (IART), where she has served as Executive Vice President and Chief Financial Officer since 2019."
Unusually active option classes on open January 23rd » 09:4001/2301/23/23
CPB, SPOT, W, SQ, HUT, MULN, CRM, SLV, BBIG, SHOP
Unusual total active…
Unusual total active option classes on open include: Campbell Soup (CPB), Spotify (SPOT), Wayfair (W), Square (SQ), Hut 8 Mining (HUT), Mullen Automotive (MULN), Salesforce (CRM), iShares Silver Trust (SLV), Vinco Ventures (BBIG), and Shopify (SHOP).
Campbell Soup: No commercial roles being eliminated related to office closings 10:1101/1801/18/23
Campbell Soup to consolidate snacks offices, invest $50M in Camden headquarters » 10:1101/1801/18/23
Campbell Soup announced…
Campbell Soup announced plans to consolidate its Snacks offices in Charlotte, N.C. and Norwalk, Conn. into its headquarters in Camden. Over the next three years, the company plans to invest approximately $50M to enhance its Camden facilities to accommodate more than 1,600 employees that will now be located on its renovated campus, the company said in a statement. The company expects to realize cost savings from consolidating the buildings beginning in fiscal year 2024 and reach $10M in annual cost savings by fiscal year 2026. The savings will be partially reinvested in the business and are included in the company's plan to increase margins in the Snacks division. No commercial roles are being eliminated related to the closing of the Charlotte and Norwalk office buildings. The company will provide eligible employees with comprehensive relocation support. "We are thrilled to invest in our people, our facilities and our Camden community, which Campbell has called home for more than 150 years," said Campbell's President and CEO Mark Clouse. "We remain committed to our two-division operating model and are confident that being together in one headquarters is the best way for us to continue building a culture that unlocks our full growth potential. This investment will ensure Campbell remains a great place to work and a compelling destination for top talent."
Campbell Soup to consolidate snacks offices, invest $50M in Camden headquarters 10:1001/1801/18/23
|Over a month ago|
Fly Insider: Terns, Air Transport among week's notable insider trades » 14:4312/2712/27/22
CPB, ABC, AN, ATSG, BRT, DSGN, TERN, GRPN
Welcome to "Fly Insider,"…
Campbell Soup exec sells $2.12M in common stock » 16:2812/2212/22/22
In a regulatory filing,…
In a regulatory filing, Campbell Soup disclosed that its EVP Adam Ciongoli sold 37.3K shares of common stock on December 21 in a total transaction size of $2.12M.
Campbell Soup price target raised to $57 from $56 at Morgan Stanley » 07:4212/2012/20/22
Morgan Stanley analyst…
Morgan Stanley analyst Pamela Kaufman raised the firm's price target on Campbell Soup to $57 from $56 and keeps an Equal Weight rating on the shares. Supported by continued defensive market positioning and relatively stable fundamentals, she sees packaged food stocks sustaining their relative outperformance in 2023, Kaufman tells investors.
Campbell Soup price target raised to $50 from $46 at RBC Capital » 09:2012/0812/08/22
RBC Capital analyst Nik…
RBC Capital analyst Nik Modi raised the firm's price target on Campbell Soup to $50 from $46 and keeps a Sector Perform rating on the shares. The analyst cites the company's strong Q1 earnings beat as its organic growth outperformed expectations on improving supply chain execution. Modi adds that Campbell Soup management is seeing consumers trading into at-home food, which is benefiting their categories and should keep demand elasticities better than expected within packaged food despite historically high levels of pricing.
Campbell Soup price target raised to $56 from $48 at Morgan Stanley » 08:2512/0812/08/22
Morgan Stanley analyst…
Morgan Stanley analyst Pamela Kaufman raised the firm's price target on Campbell Soup to $56 from $48 and keeps an Equal Weight rating on the shares after the company reported a "large" organic sales and EPS beat, driven by "strong" pricing, "modest" elasticity and better supply chain conditions. While stating that Campbell is "executing well in a challenging operating environment," Kaufman is cautious on its ability to drive further near-term pricing growth and sees ongoing trade down risk.