Campbell to Transfer Stock Exchange Listing to Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Should l Buy CPB?
Source: Businesswire
Stock Exchange Transfer: Campbell Soup Company will move its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market on August 16, 2024, maintaining the "CPB" ticker symbol and aiming for cost savings and index inclusion opportunities.
Investor Day Announcement: The company will hold its Investor Day at the Nasdaq MarketSite in New York City on September 10, 2024, where executives will discuss long-term strategies and financial outlook, with a live webcast available for broader audience participation.
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Analyst Views on CPB
Wall Street analysts forecast CPB stock price to rise
15 Analyst Rating
2 Buy
10 Hold
3 Sell
Hold
Current: 20.350
Low
27.00
Averages
31.07
High
38.00
Current: 20.350
Low
27.00
Averages
31.07
High
38.00
About CPB
The Campbell's Company provides affordable food and beverages. The Company is focused on brand powerhouse, across two divisions: Meals & Beverages and Snacks. The Company's portfolio of approximately 16 brands includes Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory pretzel crisps, Snyder's of Hanover, Swanson and V8. It offers nutritious, convenient food for Canadian families. Its North American Foodservice division offers food, recipes, and tailored solutions for a range of segments, including healthcare facilities, restaurants and specialty coffee shops, schools, vending and micro-markets, and lodging throughout North America. Pacific Foods is a producer of organic broth and soup offering a range of organic and plant-based options, soups include Creamy Roasted Red Pepper & Tomato and new ready-to-serve canned soups.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Quarterly Dividend Announcement: Campbell's Company has declared a quarterly dividend of $0.39 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows despite market challenges.
- Dividend Yield: The forward yield of 7.67% indicates that the company can still provide relatively attractive returns to investors in the current economic environment, enhancing its investment appeal.
- Shareholder Record Date: The dividend will be payable on August 3, with a record date of July 2 and an ex-dividend date also on July 2, ensuring shareholders can receive their earnings promptly, reflecting the company's commitment to shareholder interests.
- Market Competition Analysis: While Campbell's Company shows strong dividend performance, it faces persistent core inefficiencies in competition with General Mills, necessitating attention to its long-term turnaround potential and market positioning.
See More
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- Quarterly Dividend Declaration: The Board of Directors of Campbell's Company has declared a quarterly dividend of $0.39 per share, payable on August 3, 2026, indicating the company's ongoing financial health and commitment to shareholders.
- Record Date for Shareholders: The record date for this dividend is set for July 2, 2026, ensuring that shareholders who own stock by this date will receive the payout, which enhances investor confidence.
- Company Historical Background: Founded in 1869, Campbell's Company has over 155 years of history, focusing on providing delicious and affordable food and beverages, showcasing its brand strength and consumer trust in the North American market.
- Financial Performance Overview: In fiscal year 2025, Campbell's Company generated net sales of $10.3 billion across its Meals & Beverages and Snacks divisions, reflecting its strong market position and potential for continued growth.
See More
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- Dividend Stock Resurgence: In 2026, dividend stocks are off to a strong start, particularly in higher-yield sectors like consumer staples, utilities, and oil, indicating a shift towards income-generating investments that appeal to income-focused investors.
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See More
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- Dividend Growth: Domino's Pizza raised its dividend by 15% in February, marking its 14th consecutive year of increases, despite a 19% decline in stock price due to disappointing Q1 results, indicating stability in its dividend payments.
- Market Performance: Mondelez International has shown strong performance in 2026 with a 14% stock price increase and a 3.3% dividend yield, maintaining a competitive edge in the consumer staples sector, although it faces challenges from low consumer confidence.
- Investment Opportunity: Campbell Soup Company's stock has dropped over 25%, yet its current 7.5% dividend yield appeals to risk-tolerant value investors, as the company leverages technology to adapt to market changes, potentially laying the groundwork for future growth.
- Long-Term Outlook: Experts predict Mondelez will generate free cash flow equivalent to 13% of sales, supporting high single-digit dividend growth over the next decade, despite uncertainties in the short-term market environment.
See More
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- Sales Milestone Achieved: Rao's Homemade recently surpassed $1 billion in trailing 12-month net sales, becoming the fourth billion-dollar brand in Campbell's portfolio, indicating strong market performance and increased consumer loyalty.
- Commitment to Craftsmanship: Campbell's CEO Mick Beekhuizen stated that this investment aims to preserve the artisanal craftsmanship of Rao's sauces, emphasizing the brand's uniqueness and high-quality ingredients, which further enhances consumer loyalty.
- Financial Impact Outlook: Campbell expects the transaction to be neutral to its fiscal 2026 adjusted EPS, reflecting the company's cautious financial management as it expands its brand portfolio.
See More
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- Acquisition Details: Campbell has completed the acquisition of a 49% interest in a large Regina facility.
- Strategic Importance: This acquisition is part of Campbell's strategy to expand its presence and capabilities in the region.
- Market Impact: The move is expected to enhance Campbell's operational efficiency and market competitiveness.
- Future Plans: Campbell aims to leverage this acquisition to drive growth and innovation in its product offerings.
See More
