Is Campbell's Stock Underperforming the S&P 500?
Valued at a market cap of $9.5 billion, The Campbell's Company (CPB) is a leading food and beverage manufacturer. Operating through its Meals & Beverages and Snacks segments, the company offers a wide portfolio of iconic brands including Campbell’s, Goldfish, Rao’s, Prego, Pepperidge Farm, and V8.
Companies valued at less than $10 billion are generally considered “mid-cap” stocks, and Campbell's Company fits this criterion perfectly. With a presence in the United States, Canada, and Latin America, its products are distributed through retail chains, convenience and club stores, drug and dollar stores, as well as e-commerce platforms.
Shares of the Camden, New Jersey-based company have pulled back 39.4% from its 52-week high of $52.81. CPB stock has dipped 15.9% over the past three months, lagging behind the broader S&P 500 Index’s ($SPX) 6.3% rise over the same time frame.
In the longer term, Campbell's shares are down 23.6% on a YTD basis, underperforming SPX’s 2.4% gain. Moreover, shares of CPB have dropped 28.1% over the past 52 weeks, compared to SPX’s 10.3% return over the same time frame.
Despite a few fluctuations, the stock has been trading below its 50-day moving average since October last year. In addition, it has fallen below its 200-day moving average since November last year.
Shares of Campbell’s recovered marginally on Jun. 2 due to better-than-expected Q3 2025 adjusted EPS of $0.73 and revenue of $2.5 billion. Strong 6% organic net sales growth in the Meals & Beverages segment and significant household penetration gains, particularly 1 million new households in condensed cooking soups, helped offset softness in the Snacks segment. Additionally, management’s reaffirmation of full-year guidance, realization of $110 million in cost savings, and effective tariff mitigation ($0.03–$0.05 EPS headwind) also supported investor sentiment.
However, CPB stock has lagged behind its rival, Kellanova (K). Kellanova stock has decreased 2.9% on a YTD basis and soared 36.8% over the past 52 weeks.
Due to the stock’s weak performance, analysts remain cautious about its prospects. The stock has a consensus rating of “Hold” from the 19 analysts covering the stock, and as of writing, it is trading below the mean price target of $36.53.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.