Meet the 7%-Yielding Stock That's Down 20%. Here's Why Investors Should Take a Closer Look.
Campbell's is cutting costs and innovating to improve its overall business.
Overview
Campbell's (NASDAQ: CPB) isn't merely a red-and-white-label soup business any longer. The company's diversified portfolio now covers snacks, sauces, and various meal brands.
Campbell's has also made significant investments in artificial intelligence, data, and insights to better understand shoppers' shifting habits and preferences. The company's stock is deeply undervalued and down 20% this year. Investors should take notice.
Details
Campbell's management is being strategic in its acquisitions to boost its business while cutting costs to protect delicate margins. Most notably, Campbell's purchased the increasingly popular pasta sauce brand Rao's in 2024 for $2.7 billion. A wide-ranging portfolio and technological advancements could set the food business up for substantial growth in the coming years.
Source
Originally published at www.fool.com.