About the Company:
Campbell Soup (CPB) is a food company, which manufactures and markets food products, with its core segments divided into Americas Simple Meals and Beverages (includes retail and food service channel businesses, such as Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; and Pace Mexican sauces) and Global Biscuits and Snacks (includes Pepperidge Farm cookies, crackers, bakery and frozen products, and Arnott's biscuits.).
Valuation:
We see a valuation multiple of 18x as appropriate for 2020 earnings: it consists of 16x for the average industry comps and about