With a market cap of $6.2 billion, The Campbell's Company (CPB) is a leading manufacturer and marketer of food, beverage, and snack products, operating through its Meals & Beverages and Snacks segments across the United States and international markets. It offers well-known brands such as Campbell’s soups, Prego, V8, Goldfish, Pepperidge Farm, and Rao’s through a wide retail and foodservice distribution network.
Shares of the Camden, New Jersey-based company have underperformed the broader market over the past 52 weeks. CPB stock has dropped 43% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25.6%. On a YTD basis, shares of the company are down 26.5%, compared to SPX’s 7.2% gain.
