Campbell's Appoints New Snacks Division Head
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 22 hours ago
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Should l Buy CPB?
Source: Newsfilter
- Executive Appointment: Campbell's has announced the appointment of Mohit Anand as Executive Vice President and President of the Snacks division, effective February 23, 2026, aiming to leverage his extensive food and CPG experience to drive sustainable growth in the snacks business.
- Brand Portfolio Advantage: Anand will oversee a portfolio of iconic snack brands including Goldfish, Pepperidge Farm, and Snyder's of Hanover, utilizing a strong innovation pipeline and distribution network to enhance market share and margins.
- Leadership Experience: With over 30 years in the industry, Anand has held senior management roles at Kellanova and Mars Snacking, where he successfully drove sales growth and operational efficiency, and is expected to bring positive change to Campbell's Snacks division.
- Transition of Leadership: Anand succeeds Elizabeth Duggan, who served as President of the Snacks division since May 2025 and made significant contributions to the company's transformation, with Beekhuizen expressing gratitude for her efforts and wishing her success in future endeavors.
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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: 27.530
Low
27.00
Averages
31.07
High
38.00
Current: 27.530
Low
27.00
Averages
31.07
High
38.00
About CPB
The Campbell's Company, formerly Campbell Soup 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 wide 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 wide range of tasty 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.
Campbell's Appoints New Snacks Division Head
- Executive Appointment: Campbell's has announced the appointment of Mohit Anand as Executive Vice President and President of the Snacks division, effective February 23, 2026, aiming to leverage his extensive food and CPG experience to drive sustainable growth in the snacks business.
- Brand Portfolio Advantage: Anand will oversee a portfolio of iconic snack brands including Goldfish, Pepperidge Farm, and Snyder's of Hanover, utilizing a strong innovation pipeline and distribution network to enhance market share and margins.
- Leadership Experience: With over 30 years in the industry, Anand has held senior management roles at Kellanova and Mars Snacking, where he successfully drove sales growth and operational efficiency, and is expected to bring positive change to Campbell's Snacks division.
- Transition of Leadership: Anand succeeds Elizabeth Duggan, who served as President of the Snacks division since May 2025 and made significant contributions to the company's transformation, with Beekhuizen expressing gratitude for her efforts and wishing her success in future endeavors.
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- Consumer Demand: The company attributed the lowered outlook to weaker-than-expected consumer demand for its products.
- Brand Recognition: General Mills is known for popular brands such as Cheerios, Pillsbury, and Betty Crocker.
- Market Impact: The decline in stock reflects broader concerns about consumer spending trends affecting food companies.
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DeSantis Promotes State-Backed Bread Testing for Glyphosate
- Testing Initiative Expansion: Florida Governor Ron DeSantis announced that the Department of Health found traces of glyphosate in several widely sold bread products as part of the 'Healthy Florida First' food testing campaign, aimed at increasing consumer awareness of food safety.
- Application of Scientific Standards: The Department of Health utilized independent, science-based testing standards to analyze breads for heavy metals, pesticides, and other contaminants, with results published on the state-run website ExposingFoodToxins.com, enhancing public transparency regarding food ingredients.
- Public Response and Controversy: While DeSantis emphasized the transparency of the testing, there is division among scientists and regulators regarding glyphosate's risks, with the International Agency for Research on Cancer labeling it 'probably carcinogenic to humans,' whereas the EPA claims it is 'not likely' to cause cancer when used as directed.
- Industry Opposition: Industry groups criticized Florida's earlier findings on candy and infant formula as inconsistent with federal standards, arguing that these products remain safe under existing US guidelines, while state officials maintain that their testing is focused on providing transparency rather than regulation.
See More
Campbell's Company Ratings Downgraded Amid Competitive Risks
- Rating Downgrades: Barclays and UBS maintained a Sell rating on Campbell's Company on January 20 and January 14, respectively, with Barclays lowering the price target from $30 to $27, reflecting concerns over potential oil and currency headwinds in 2026.
- Rising Competitive Risks: Morgan Stanley cut the price target on Campbell's Company to $28 from $30 while maintaining an Equal Weight rating, indicating that competitive risks are increasing in an already challenging backdrop for U.S. food stocks, with promotions and private label momentum accelerating.
- Sales Forecast Adjustments: BofA lowered its price target to $29 from $30 on January 13, maintaining an Underperform rating, and adjusted Q2 organic sales expectations based on Nielsen scanner trends, reducing Meals & Beverages growth from 3% to 2%.
- Diverse Brand Portfolio: Formerly known as Campbell Soup Company, Campbell's Company offers around 16 brands, including Goldfish and Chunky, with operations divided into Snacks and Meals & Beverages, providing tailored solutions across various sectors such as restaurants and healthcare.
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Wall Street Volatility Highlights Importance of Portfolio Diversification
- Tech Stock Decline: Tech stocks have been severely impacted by recent volatility, with AMD's share price plummeting 17% as investor confidence in the enterprise software sector wanes, highlighting the risks of over-reliance on tech investments.
- Strong Performance of Blue-Chip Stocks: In stark contrast to tech stocks, the Dow Jones Industrial Average rose by 260 points, or 0.5%, indicating that old-economy companies are demonstrating greater resilience during market turmoil, attracting investors seeking stability.
- Winners Across Industries: Companies like Campbell, PepsiCo, Smuckers, and Kraft Heinz have seen their stock prices rise despite the threat of GLP-1, reflecting ongoing consumer demand and confidence in the food sector amidst market fluctuations.
- Recovery in Banks and Industrials: Recent gains in bank stocks and industrials such as Honeywell, Dover, and Emerson Electric suggest that investors believe these firms will benefit from efficiency improvements brought by artificial intelligence, enhancing their investment appeal.
See More
Investors Should Focus on Diversification
- Tech Stock Pullback: Tech stocks have faced significant declines recently, with AMD dropping 17% as investor confidence wanes in the enterprise software sector, highlighting the risks of over-reliance on tech investments.
- Strong Performance in Traditional Sectors: In contrast, the blue-chip Dow Jones Industrial Average rose by 260 points, or 0.5%, indicating that traditional sectors like banking and industrials are attracting investor interest in the current market environment.
- Investment Value in Healthcare: Companies like Johnson & Johnson, Merck, and Amgen have performed well, and despite their stock price increases this year, they are still considered valuable investments relative to the broader market, showcasing the stability and appeal of the healthcare sector.
- Recovery of Banks and Industrials: With growing investor confidence in AI's efficiency improvements, banks and industrial stocks such as Honeywell and Dover have also seen gains recently, reflecting optimistic expectations for these companies' future profitability.
See More
Campbell's Appoints New Snacks Division Head
- Executive Appointment: Campbell's has announced the appointment of Mohit Anand as Executive Vice President and President of the Snacks division, effective February 23, 2026, aiming to leverage his extensive food and CPG experience to drive sustainable growth in the snacks business.
- Brand Portfolio Advantage: Anand will oversee a portfolio of iconic snack brands including Goldfish, Pepperidge Farm, and Snyder's of Hanover, utilizing a strong innovation pipeline and distribution network to enhance market share and margins.
- Leadership Experience: With over 30 years in the industry, Anand has held senior management roles at Kellanova and Mars Snacking, where he successfully drove sales growth and operational efficiency, and is expected to bring positive change to Campbell's Snacks division.
- Transition of Leadership: Anand succeeds Elizabeth Duggan, who served as President of the Snacks division since May 2025 and made significant contributions to the company's transformation, with Beekhuizen expressing gratitude for her efforts and wishing her success in future endeavors.
See More
Food Stocks Decline Following General Mills' Sales Forecast Reduction
- Stock Performance: General Mills' stock fell on Tuesday following a revised sales outlook.
- Consumer Demand: The company attributed the lowered outlook to weaker-than-expected consumer demand for its products.
- Brand Recognition: General Mills is known for popular brands such as Cheerios, Pillsbury, and Betty Crocker.
- Market Impact: The decline in stock reflects broader concerns about consumer spending trends affecting food companies.
See More
DeSantis Promotes State-Backed Bread Testing for Glyphosate
- Testing Initiative Expansion: Florida Governor Ron DeSantis announced that the Department of Health found traces of glyphosate in several widely sold bread products as part of the 'Healthy Florida First' food testing campaign, aimed at increasing consumer awareness of food safety.
- Application of Scientific Standards: The Department of Health utilized independent, science-based testing standards to analyze breads for heavy metals, pesticides, and other contaminants, with results published on the state-run website ExposingFoodToxins.com, enhancing public transparency regarding food ingredients.
- Public Response and Controversy: While DeSantis emphasized the transparency of the testing, there is division among scientists and regulators regarding glyphosate's risks, with the International Agency for Research on Cancer labeling it 'probably carcinogenic to humans,' whereas the EPA claims it is 'not likely' to cause cancer when used as directed.
- Industry Opposition: Industry groups criticized Florida's earlier findings on candy and infant formula as inconsistent with federal standards, arguing that these products remain safe under existing US guidelines, while state officials maintain that their testing is focused on providing transparency rather than regulation.
See More
Campbell's Company Ratings Downgraded Amid Competitive Risks
- Rating Downgrades: Barclays and UBS maintained a Sell rating on Campbell's Company on January 20 and January 14, respectively, with Barclays lowering the price target from $30 to $27, reflecting concerns over potential oil and currency headwinds in 2026.
- Rising Competitive Risks: Morgan Stanley cut the price target on Campbell's Company to $28 from $30 while maintaining an Equal Weight rating, indicating that competitive risks are increasing in an already challenging backdrop for U.S. food stocks, with promotions and private label momentum accelerating.
- Sales Forecast Adjustments: BofA lowered its price target to $29 from $30 on January 13, maintaining an Underperform rating, and adjusted Q2 organic sales expectations based on Nielsen scanner trends, reducing Meals & Beverages growth from 3% to 2%.
- Diverse Brand Portfolio: Formerly known as Campbell Soup Company, Campbell's Company offers around 16 brands, including Goldfish and Chunky, with operations divided into Snacks and Meals & Beverages, providing tailored solutions across various sectors such as restaurants and healthcare.
See More
Wall Street Volatility Highlights Importance of Portfolio Diversification
- Tech Stock Decline: Tech stocks have been severely impacted by recent volatility, with AMD's share price plummeting 17% as investor confidence in the enterprise software sector wanes, highlighting the risks of over-reliance on tech investments.
- Strong Performance of Blue-Chip Stocks: In stark contrast to tech stocks, the Dow Jones Industrial Average rose by 260 points, or 0.5%, indicating that old-economy companies are demonstrating greater resilience during market turmoil, attracting investors seeking stability.
- Winners Across Industries: Companies like Campbell, PepsiCo, Smuckers, and Kraft Heinz have seen their stock prices rise despite the threat of GLP-1, reflecting ongoing consumer demand and confidence in the food sector amidst market fluctuations.
- Recovery in Banks and Industrials: Recent gains in bank stocks and industrials such as Honeywell, Dover, and Emerson Electric suggest that investors believe these firms will benefit from efficiency improvements brought by artificial intelligence, enhancing their investment appeal.
See More
Investors Should Focus on Diversification
- Tech Stock Pullback: Tech stocks have faced significant declines recently, with AMD dropping 17% as investor confidence wanes in the enterprise software sector, highlighting the risks of over-reliance on tech investments.
- Strong Performance in Traditional Sectors: In contrast, the blue-chip Dow Jones Industrial Average rose by 260 points, or 0.5%, indicating that traditional sectors like banking and industrials are attracting investor interest in the current market environment.
- Investment Value in Healthcare: Companies like Johnson & Johnson, Merck, and Amgen have performed well, and despite their stock price increases this year, they are still considered valuable investments relative to the broader market, showcasing the stability and appeal of the healthcare sector.
- Recovery of Banks and Industrials: With growing investor confidence in AI's efficiency improvements, banks and industrial stocks such as Honeywell and Dover have also seen gains recently, reflecting optimistic expectations for these companies' future profitability.
See More
