William Blair Highlights The Campbell’s Company (CPB)’s Stable Growth Strategy

The Campbell’s Company (NASDAQ:CPB) ranks among the top NASDAQ stocks for retirement. On June 23, William Blair began coverage of The Campbell’s Company (NASDAQ:CPB) with a Market Perform rating. According to the analyst, David Shakno, The Campbell’s Company (NASDAQ:CPB) has a strong position in the product categories and food and beverage segments in which it operates.

Shakno claims that the company’s leading brands usually occupy the top or a sizable portion of the market, and Campbell’s has developed a growth and productivity plan that should allow it to consistently provide both top-line and bottom-line growth.

In addition, following the third quarter data, Stifel reaffirmed its Hold rating and $20 price target for The Campbell’s Company (NASDAQ:CPB). The company announced earnings per share of $0.50, exceeding the consensus expectation by $0.02. Organic sales fell 4% during the quarter, with both the Meals & Beverages and Snacks sectors reporting declines of 4%.

Formerly known as Campbell Soup Company, The Campbell’s Company (NASDAQ:CPB) offers affordable food and beverages, with its operations divided into two divisions: Snacks and Meals & Beverages. Its brand portfolio comprises approximately 16 brands.

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