Campbell Soup Company is hoping to get its wining recipe from a new CEO. The packaged-food company announced Thursday that it has appointed Mark Clouse as president and CEO. Clouse has held executive positions at Pinnacle Foods (now owned by Conagra Brands) and Mondelez International.
Clouse will replace Campbell's interim CEO Keith McLoughlin, who had come in after Denise Morrison abruptly left her post as CEO in May.
Campbell Soup had been in a long-drawn battle this year with activist hedge fund Third Point, over the control of Campbell. In September, Third Point suggested replacing the entire board of Campbell. It later sued the company and accused Campbell of making boring, expensive soup. Campbell Soup shot back that Third Point’s opinions/ideas were uninformed.
Last month, Campbell and Third Point came to an agreement by increasing board from 12 to 14 members to include two out of five nominees recommended by Third Point. According to Bloomberg News, new CEO Clouse has long been the preferred choice of Third Point.
Amidst sluggish sales, Campbell Soup has been planning to sell some of its businesses such as its international line and Campbell Fresh. It wants to focus more on boosting revenues from its most popular brands. The company is probably expecting that Clouse, with his experience in packed-foods sector, would be able to bolster the turnaround strategies.
The 10-day moving average for CPB crossed bullishly above the 50-day moving average on March 26, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 18, 2024. You may want to consider a long position or call options on CPB as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CPB just turned positive on February 29, 2024. Looking at past instances where CPB's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
CPB moved above its 50-day moving average on March 18, 2024 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for CPB moved above the 200-day moving average on February 22, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CPB advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 197 cases where CPB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CPB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CPB broke above its upper Bollinger Band on March 28, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.442) is normal, around the industry mean (8.231). P/E Ratio (17.431) is within average values for comparable stocks, (27.844). Projected Growth (PEG Ratio) (1.499) is also within normal values, averaging (2.586). Dividend Yield (0.033) settles around the average of (0.033) among similar stocks. P/S Ratio (1.438) is also within normal values, averaging (28.518).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CPB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of convenience food products, such as soups and sauces, pasta, broths, vegetable-beverages, cookies and biscuits
Industry FoodSpecialtyCandy