CPB Campbell Soup Co.
Campbell Soup Co. engages in manufacture and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Meals and Beverages, International Biscuits and Snacks, and Campbell Fresh. The Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America. The International Biscuits and Snacks segment offers Pepperidge Farm cookies, crackers, bakery and frozen products in U.S. retail, Arnott's biscuits in Australia and Asia Pacific, and Kelsen cookies globally. The Campbell Fresh segment consists of Bolthouse Farms fresh carrots, carrot ingredients, refrigerated beverages and refrigerated salad dressings, Garden Fresh Gourmet salsa, hummus, dips and tortilla chips, and the U.S. refrigerated soup business. The company was founded on November 23, 1922 and is headquartered in Camden, NJ.
Company profile
Ticker
CPB
Exchange
Website
CEO
Mark A. Clouse
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
Corporate docs
IRS number
210419870
Calendar
4 Mar 20
30 Mar 20
2 Aug 20
News
Company financial data Financial data
| Quarter (USD) | Jan 20 | Oct 19 | Jul 19 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | 2.16B | 2.18B | 1.78B | 1.95B | |
| Net income | 1.21B | 166M | -8M | 84M | |
| Diluted EPS | 3.97 | 0.55 | -0.03 | 0.28 | |
| Net profit margin | 55.87% | 7.60% | -0.45% | 4.30% | |
| Operating income | 350M | 317M | -31M | 266M | |
| Net change in cash | -3M | 30M | -171M | 156M | |
| Cash on hand | 58M | 61M | 31M | 202M | |
| Cost of revenue | 1.42B | 1.45B | 633M | 1.46B |
| Annual (USD) | Jul 19 | Jul 18 | Jul 17 | Jul 16 | |
|---|---|---|---|---|---|
| Revenue | 8.11B | 6.62B | 5.84B | ||
| Net income | 211M | 261M | 887M | 563M | |
| Diluted EPS | 0.7 | 0.86 | 2.89 | 1.81 | |
| Net profit margin | 2.60% | 3.95% | 15.20% | ||
| Operating income | 979M | 1.01B | 1.43B | 960M | |
| Net change in cash | -18M | 12M | -29M | -187M | |
| Cash on hand | 31M | 49M | 37M | 66M | |
| Cost of revenue | 5.41B | 4.24B | 3.4B | 5.03B |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 5 Mar 20 | Adam G. Ciongoli | Common Stock | Sell | Dispose S | 53.54 | 98,334 | 5.26M | 92,386 |
| 5 Mar 20 | Adam G. Ciongoli | Common Stock | Option exercise | Aquire M | 47.185 | 35,847 | 1.69M | 190,720 |
| 5 Mar 20 | Adam G. Ciongoli | Common Stock | Option exercise | Aquire M | 50.205 | 62,487 | 3.14M | 154,873 |
| 5 Mar 20 | Adam G. Ciongoli | Employee Stock Option Common Stock | Option exercise | Dispose M | 47.185 | 35,847 | 1.69M | 17,924 |
| 5 Mar 20 | Adam G. Ciongoli | Employee Stock Option Common Stock | Option exercise | Dispose M | 50.205 | 62,487 | 3.14M | 0 |
| 31 Jan 20 | Xavier Boza | Common Stock | Payment of exercise | Dispose F | 49.03 | 1,441 | 70.65K | 24,783 |
| 23 Jan 20 | Mark A. Clouse | Common Stock | Payment of exercise | Dispose F | 48.56 | 3,893 | 189.04K | 106,343 |
| 23 Dec 19 | Bennett Dorrance | Common Stock | Gift | Dispose G | 0 | 311,720 | 0 | 2,176 |
| 18 Dec 19 | Bennett Dorrance | Common Stock | Gift | Dispose G | 0 | 149,098 | 0 | 313,896 |
Institutional ownership Q4 2019
51.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 545 |
| Opened positions | 78 |
| Closed positions | 61 |
| Increased positions | 156 |
| Reduced positions | 186 |
13F shares |
Current |
|---|---|
| Total value | 65.44B |
| Total shares | 155.56M |
| Total puts | 4.31M |
| Total calls | 3.85M |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 21.88M | $1.08B |
| Third Point | 14.4M | $711.65M |
| BLK BlackRock | 14.23M | $703M |
| IVZ Invesco | 12.94M | $639.36M |
| STT State Street | 9.29M | $459.1M |
| Brandywine Managers | 5.91M | $292.02M |
| N Price T Rowe Associates | 4.31M | $213.16M |
| BK Bank Of New York Mellon | 4.24M | $209.68M |
| State Farm Mutual Automobile Insurance | 3.87M | $191.06M |
| Beutel, Goodman & Co | 2.78M | $137.36M |
Financial report summary
?Risks
- We face significant competition in all our product categories, which may result in lower sales and margins
- Our results may be adversely affected by our inability to complete or realize the projected benefits of divestitures
- We may be adversely impacted by our substantial indebtedness
- We may be adversely impacted by a changing customer landscape and the increased significance of some of our customers
- Our results may be adversely impacted if consumers do not maintain their favorable perception of our brands
- Disruption to our supply chain could adversely affect our business
- If our food products become adulterated or are mislabeled, we might need to recall those items, and we may experience product liability claims and damage to our reputation
- Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products and brands
- We may be adversely impacted by a failure or security breach of our information technology systems
- We may not be able to attract and retain the highly skilled people we need to support our business
- Our results may be adversely affected by our inability to complete or realize the projected benefits of acquisitions and other strategic transactions
- We may be adversely impacted by legal and regulatory proceedings or claims
- Increased regulation or changes in law could adversely affect our business or financial results
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Good
|
|
New words:
accurately, cattle, clarifying, compensatory, constrained, crop, cybersecurity, damage, deem, Director, disease, drought, excessive, exclusive, extinguishment, fire, geographic, government, governmental, hard, immaterial, land, licensing, likelihood, location, November, outbreak, port, predict, premium, previously, rain, scarcity, size, spread, suitable, supplier, temperature, tender, ultimate, unable, unamortized, unpaid, water
Removed:
budgeting, ineffective, Malaysian, organization, partly, point, spending
Financial reports
10-Q
2020 Q2
Quarterly report
4 Mar 20
10-Q
2020 Q1
Quarterly report
4 Dec 19
10-K
2019 FY
Annual report
26 Sep 19
10-Q
2019 Q3
Quarterly report
5 Jun 19
10-Q
2019 Q2
Quarterly report
6 Mar 19
10-Q
2019 Q1
Quarterly report
6 Dec 18
10-K
2018 FY
Annual report
27 Sep 18
10-Q
2018 Q3
Quarterly report
5 Jun 18
10-Q
2018 Q2
Quarterly report
5 Mar 18
10-Q
2018 Q1
Quarterly report
8 Dec 17
Current reports
8-K
Regulation FD Disclosure
24 Mar 20
8-K
Campbell Reports Second-quarter Results
4 Mar 20
8-K
Campbell Soup Company Announces Upsize and Early Tender Results of its Debt Tender Offers
24 Jan 20
8-K
Campbell Soup Company Announces Debt Tender Offers
8 Jan 20
8-K
Departure of Directors or Certain Officers
7 Jan 20
8-K
Campbell Completes Sale of Arnott’s and Certain of Campbell’s International Operations to KKR for Approximately $2.2 Billion
23 Dec 19
8-K
Campbell Reports First-quarter Results
4 Dec 19
8-K
Submission of Matters to a Vote of Security Holders
21 Nov 19
8-K
Departure of Directors or Certain Officers
1 Oct 19
8-K
Consolidated Statements of Earnings
26 Sep 19
Registration and prospectus
424B2
Prospectus for primary offering
14 Mar 18
FWP
Free writing prospectus
13 Mar 18
424B2
Prospectus for primary offering
12 Mar 18
S-3ASR
Automatic shelf registration
10 Jul 17
S-8
Registration of securities for employees
9 Mar 17
S-8
Registration of securities for employees
10 Dec 15
424B2
Prospectus for primary offering
17 Mar 15
424B2
Prospectus for primary offering
16 Mar 15
FWP
Free writing prospectus
16 Mar 15
S-3ASR
Automatic shelf registration
29 Sep 14
Proxies
DEF 14A
Definitive proxy
4 Oct 19
DFAN14A
Additional proxy materials by non-management
20 Nov 18
DFAN14A
Additional proxy materials by non-management
19 Nov 18
DEFA14A
Additional proxy soliciting materials
19 Nov 18
DEFA14A
Additional proxy soliciting materials
19 Nov 18
DEFA14A
Additional proxy soliciting materials
19 Nov 18
DFAN14A
Additional proxy materials by non-management
16 Nov 18
DFAN14A
Additional proxy materials by non-management
15 Nov 18
DEFA14A
Additional proxy soliciting materials
15 Nov 18
DEFA14A
Additional proxy soliciting materials
15 Nov 18
Other
CT ORDER
Confidential treatment order
17 Apr 15
UPLOAD
Letter from SEC
1 May 14
CORRESP
Correspondence with SEC
28 Mar 14
UPLOAD
Letter from SEC
18 Mar 14
UPLOAD
Letter from SEC
21 Jul 11
CORRESP
Correspondence with SEC
7 Jul 11
CORRESP
Correspondence with SEC
8 Jun 11
UPLOAD
Letter from SEC
6 May 11
CORRESP
Correspondence with SEC
7 Apr 11
UPLOAD
Letter from SEC
24 Mar 11
Ownership
3
CAMPBELL SOUP / Valerie Oswalt ownership change
11 Mar 20
4
CAMPBELL SOUP / Adam G. Ciongoli ownership change
6 Mar 20
SC 13G/A
Campbell Soup Co
12 Feb 20
4
CAMPBELL SOUP / Xavier Boza ownership change
3 Feb 20
4
CAMPBELL SOUP / BENNETT DORRANCE ownership change
23 Jan 20
4
CAMPBELL SOUP / Mark A. Clouse ownership change
23 Jan 20
4
CAMPBELL SOUP / Archbold D vanBeuren ownership change
10 Jan 20
SC 13D/A
Campbell Soup Co
7 Jan 20
4
CAMPBELL SOUP / Adam G. Ciongoli ownership change
3 Dec 19
4
CAMPBELL SOUP / Xavier Boza ownership change
15 Oct 19
Patents
APP
Utility
Thermally Processing Food Products with Highly-uniform Electromagnetic Energy Fields
20 Feb 20
Embodiments herein relate to systems and methods for thermally processing packaged food products with highly-uniform electromagnetic energy fields.
APP
Utility
Microwaveable Food Containers and Food Products for High-temperature Cooking
26 Dec 19
Embodiments herein relate to microwaveable food containers and food products for high-temperature cooking applications and related methods.
APP
Utility
Food Products and Food Product Carriers for Electromagnetic Wave Food Processing Systems and Methods
21 Nov 19
Embodiments herein relate to food products and food product carriers for electromagnetic wave food processing systems and methods.
APP
Utility
Food Product Carriers for Partially Compressing Food Products During Processing with Electromagnetic Wave Food Processing Systems
21 Nov 19
The present application relates to food product carriers for microwave or radiofrequency sterilization or pasteurization of food products.
APP
Utility
Detection of Multi-dimensional Heating Patterns In Thermal Food Processes Using Thermochromic Inks
21 Nov 19
Embodiments herein relate to articles and methods for detecting heating patterns within model food compositions containing irreversible thermochromic ink, and for creating multi-dimensional temperature distribution profiles within a packaged model food composition.