What smart money is saying about The Campbell’s Company
2 funds in our archive have pitched The Campbell’s Company, most recently Bristlemoon Global Fund in September 2026.
Campbell Soup Company (CPB) is a leading international producer and marketer of a wide variety of food and beverage products. The enterprise conducts its business through two main operational divisions: Meals & Beverages and Snacks. The Meals & Beverages segment serves both retail and food service industries throughout the United States and Canada. Its extensive product range includes classic Campbell's condensed and ready-to-enjoy soups; Swanson brand broths and stocks; Pacific Foods' line of broths, soups, and non-dairy beverages; Prego pasta sauces; Pace brand Mexican sauces; Campbell's gravies, pasta dishes, beans, and dinner sauces; Swanson canned poultry; Plum organic baby food and snacks; V8 juices and drinks; and Campbell's tomato juice. The Snacks division primarily targets the retail sector, with a significant presence in Latin America. This segment offers a diverse array of treats, such as Pepperidge Farm's selection of cookies, crackers, fresh bakery items, and frozen goods, including Milano cookies and Goldfish crackers. Other notable brands within this category are Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and numerous other snacking options. Campbell Soup Company employs a comprehensive distribution strategy, selling its merchandise across an extensive network that encompasses major retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores. Additionally, products are available via e-commerce platforms, various other retail, commercial, and non-commercial establishments, and a system of independent contractor distributors. Established in 1869, the company's corporate headquarters are situated in Camden, New Jersey.
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Fund signal · last 12 months
4 lettersToo few moves on The Campbell’s Company yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 5 fund letters reported a position in The Campbell’s Company, with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 1 | 0 | 1 |
| Q2 2026 | 1 | 1 | 0 | 1 |
| Q1 2026 | 1 | 0 | 1 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 3 moves
- New positionBristlemoon Capital Global FundSeptember 2026
“We also discuss four recent shorts added to the Fund: The Campbell’s Company (CPB).”
The Campbell’s Company - September 2026
“Other detractors included Scotts Miracle-Gro, The Campbell’s Company, and Papa John’s International.”
The Campbell’s Company - New positionBrandes Small Cap Value FundJune 2026
“the small-cap investment committee added two food products businesses, The Campbell’s Company and Conagra Brands, as well as building products company Fortune Brands Innovations.”
The Campbell’s Company - March 2026
“We completed full sales of Harley-Davidson and Campbells.”
The Campbell’s Company - HoldsBA Beutel Goodman US Value FundJune 2025
“Detractors included The Campbell’s Company, Amgen Inc. and Merck & Co. Inc. Campbell’s stock was down ahead of reporting its Q3 fiscal 2025 earnings in early June.”
The Campbell’s Company
Also mentioned · 1
These funds discuss The Campbell’s Company as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2026
“Dividend cuts Dividend cuts usually increase in times of economic downturns or recessions. Q3 2026, however, has seen the highest proportion of dividend cuts since the peak of COVID 2020. Dividend changes by %: Universe of 11,000 Global Equities Source: Wall Street Horizon, September 2026 Not only this, but buyback volumes are on track for a 10-year historic low: Global corporate buyback announcements: Universe of 11,000 Global Equities Source: Wall Street Horizon, September 2026 There are two frequently cited reasons: wider needs for capital expenditure, which has become more expensive through inflation, and increased interest rates and uncertainty. 6 But dividend pressures have been particularly pronounced in three sectors: consumer staples, chemicals and telecoms. In Q3 alone, Conagra and Campbell’s cut their dividends, and Kraft Heinz, General Mills and Hormel kept theirs flat.”
The Campbell’s Company
Fund coverage · 2 theses
- Bristlemoon Global FundSeptember 2026
The Campbell’s Company is a soup producer exposed to Walmart pricing pressure, with declining organic sales, margin compression, high leverage, and an expensive valuation relative to mounting risks.
Read the full thesis - Brandes Small Cap Value FundJune 2026
The Campbell’s Company is a defensive branded food company with leading category positions, attractive valuation, and potential margin recovery and long-term value accretion.
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