Campbell Soup Company (CPB), headquartered in Camden, New Jersey, manufactures and markets branded convenience food and beverage products. Valued at $14.5 billion by market cap, the company's core divisions include soups and sauces, biscuits and confectionery, and foodservice. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores.
Shares of this leading packaged food manufacturer have underperformed the broader market considerably over the past year. CPB has gained 10.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 21.7%. In 2024, CPB’s stock rose 12.7%, compared to the SPX’s 13.9% rise on a YTD basis.
