The Campbell's Company (CPB) Stock Analysis
Recovery setup
Consumer Defensive · Packaged Foods
Wait for pullback to $19.95. BUY gates pass at $21.54, but concentration risk — Customer: Wal-Mart Stores, Inc. (21.0%) and concentration risk — Customer: top-5 customers (47.0%) argue for a more patient entry. Engine's entry $19.95 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum.
Campbell's Company manufactures and markets branded food and beverages across Meals & Beverages (Campbell's soups, Rao's, Swanson, Pacific Foods, Prego, V8) and Snacks (Pepperidge Farm, Goldfish, Snyder's of Hanover, Cape Cod) segments, primarily in the US. Walmart accounts for... Read more
Wait for pullback to $19.95. BUY gates pass at $21.54, but concentration risk — Customer: Wal-Mart Stores, Inc. (21.0%) and concentration risk — Customer: top-5 customers (47.0%) argue for a more patient entry. Engine's entry $19.95 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Death cross but MACD improving, RSI 67. Earnings in 0 days. Wait until post-earnings. Score 4.6/10, high confidence.
Passes 6/9 gates (positive momentum, clean insider activity, no SEC red flags, news boost earnings 0.70, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: moderate.
About The Campbell's Company
About The Campbell's Company
Campbell's five largest customers accounted for approximately 47% of consolidated net sales in 2025, with Walmart at approximately 21% — the single largest buyer across both the Meals & Beverages and Snacks segments. Employing approximately 13,700 people as of August 2025 and operating primarily in North America, the company completed the $2.899 billion acquisition of Sovos Brands in March 2024, adding Rao's pasta sauces to a portfolio spanning Campbell's soups, Pepperidge Farm, and Goldfish.
Campbell's sells branded food and beverage products through two segments. Meals & Beverages includes condensed and ready-to-serve soups, Swanson broth, Pacific Foods, Prego pasta sauces, Pace Mexican sauces, V8 juices, and Rao's tomato-based products — the latter produced primarily by a third-party contract manufacturer at a single facility in Italy. Snacks spans Pepperidge Farm cookies and crackers, Goldfish, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, and Late July snacks; the Snacks segment distributes through a direct-store-delivery model using independent contractor distributors. Key input costs include tomatoes, grains, beef, poultry, dairy, olive oil, wheat, potatoes, and packaging materials including steel, aluminum, and resin — commodities subject to price volatility from weather, trade policy, and geopolitical factors. The company acknowledged moderate tariff-related cost pressures in the fourth quarter of 2025 and expects more significant tariff impacts in 2026.
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Retailer concentration and single-source production risk are the two most specific exposure points disclosed. The company's five largest customers — led by Walmart at 21% of consolidated net sales — collectively drove 47% of net sales in 2025; if any of these accounts reduces purchasing volumes or shelf allocation, results could be adversely affected. Separately, the substantial majority of Rao's tomato-based sauce products are produced by a third-party contract manufacturer at a single facility in Italy; a dispute or operational disruption at that facility may require alternative manufacturing arrangements that could be costly or time-consuming.
See also: Consumer Defensive · Packaged Foods
From The Campbell's Company's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-09Recent Developments — The Campbell's Company
Latest news
- NEWS Exploring Analyst Estimates for Campbell (CPB) Q3 Earnings, Beyond Revenue and EPS - Yahoo Finance — Yahoo Finance neutral
- NEWS The Campbell's Company: Dividend Is Solid, Growth Is Not (NASDAQ:CPB) - Seeking Alpha — Seeking Alpha negative
- NEWS CPB Stock Slips Premarket After Earnings – But Retail Still Sees Campbell’s As A 'Defensive Play' - Stocktwits — Stocktwits neutral
- NEWS Natixis Advisors LLC Sells 236,989 Shares of The Campbell's Company $CPB - MarketBeat — MarketBeat neutral
- NEWS Campbell's Readies for Q3 Earnings: Things to Note About CPB Stock - TradingView — TradingView neutral
Generated 2026-06-15T18:11:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerWal-Mart Stores, Inc.21%10-K Item 1: 'Our largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 21% of our consolidated net sales in 2025'
- HIGHCustomertop-5 customers47%10-K Item 1A: 'In 2025, our five largest customers accounted for approximately 47% of our consolidated net sales'
- HIGHSupplierRao's single-facility Italian contract manufacturer10-K Item 1A: 'the substantial majority of our Rao’s tomato-based sauce products are produced by a third-party contract manufacturer at a single facility in Italy'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Revenue shrinking — -4.5% YoY. Growth thesis broken unless recovery story develops.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $19.95. BUY gates pass at $21.54, but concentration risk — Customer: Wal-Mart Stores, Inc. (21.0%) and concentration risk — Customer: top-5 customers (47.0%) argue for a more patient entry. Engine's entry $19.95 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Death cross but MACD improving, RSI 67. Earnings in 0 days. Wait until post-earnings. Target $21.85 (+1.4%), stop $18.46 (−16.7%), Setup A.R:R 2.0:1. Score 4.6/10, high confidence.
Take-profit target: $21.85 (+9.7% upside). Target $21.85 (+1.4%), stop $18.46 (−16.7%), Setup A.R:R 2.0:1. Stop-loss: $18.46.
Concentration risk — Customer: Wal-Mart Stores, Inc. (21.0%); Concentration risk — Customer: top-5 customers (47.0%); Analyst target reached - limited upside remaining.
The Campbell's Company trades at a P/E of 11.8 (forward 10.4). TrendMatrix value score: 7.9/10. Verdict: Buy (Wait for Entry).
28 analysts cover CPB with a consensus score of 2.7/5. Average price target: $22.
What does The Campbell's Company do?Campbell's Company manufactures and markets branded food and beverages across Meals & Beverages (Campbell's soups,...
Campbell's Company manufactures and markets branded food and beverages across Meals & Beverages (Campbell's soups, Rao's, Swanson, Pacific Foods, Prego, V8) and Snacks (Pepperidge Farm, Goldfish, Snyder's of Hanover, Cape Cod) segments, primarily in the US. Walmart accounts for ~21% of consolidated net sales; top-5 customers = 47% of net sales; Rao's tomato-based sauces are largely manufactured at a single Italian contract facility.