Campbell Soup Company Buyback
OLI recorded this information on 3/22/2017
Company:
Campbell Soup Company
Buyback:
CPB buyback
$Amount Authorized:
$1,500,000,000
Buyback Details:
The Board of Directors of Campbell Soup Company (NYSE:CPB) today authorized a new share repurchase program. Under the new program, Campbell is authorized to purchase up to $1.5 billion of its outstanding shares in open market or privately negotiated transactions. The program is effective as of May 1, 2017, and has no expiration date, but it may be suspended or discontinued at any time.
Campbell Soup is a manufacturer and marketer of food and beverage products. Co.'s reportable segments are: meals and beverages, which consist of Co.'s soup, meals and beverages products in retail and foodservice in the U.S. and Canada; and snacks, which consist of Pepperidge Farm cookies, crackers, fresh bakery and frozen products, including Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod potato chips, Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, Pop Secret popcorn, and other snacking products in retail in the U.S., as well as the retail business in Latin America.
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Avg. Broker Rec.
 
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Hold (1.71 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CPB Stock Forecast Based on Zacks ABR data; powered by Xignite |
