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Campbell Soup Company (CPB) 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 Campbells condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbells gravies, pasta, beans and dinner sauces; Swanson canned poultry; and Plum food and snacks. The Global Baking and Snacking segment offers Pepperidge Farm cookies, crackers, bakery, and frozen products in the United States retail; and Arnotts biscuits in Australia and Asia Pacific; and Kelsen cookies worldwide.
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 Campbells 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.
Shares of this iconic company have formed a bullish "cup and handle" and higher share prices are expected for this stock.
52-Weeks Trading Range: $44.45 - $63.94
Entry Point: $61.95
Stop Loss: $58.85
Target Price: $68.15
CPB closed at $61.92.
