Have you taken advantage of Campbell Soup Company’s (CPB Quick QuoteCPB - Free Report) bull-run yet? It’s high time you take a look at this convenience food producer and marketer, which has seen its stock price surge 28.5% on a year-to-date basis and 42% over the past one year. The company further hogged the limelight after scaling a 52-week high of $67.89 yesterday, though it eventually closed lower at $67.55. So let’s delve deeper to find out what is driving the stock. 

Campbell has been keen on enhancing performance and increasing return on investment through strategic frameworks, overseas expansion, and growth of healthy beverages and baked snacks. With regard to solidifying its brand portfolio and accelerating growth, the company also remains committed to resorting to meaningful acquisitions and joint ventures.

Further, with a view to synchronize its organizational structure and key growth strategies, Campbell recently realigned its reporting segments from five to three. With this reorganization, the company aims to craft a meaningful scale and establish clearly defined portfolio roles and expansion targets.

Additionally, Campbell is well on track with its cost savings initiatives. The company’s strategy of concentrating on supply chain efficiencies, along with curtailing costs and reinvesting part of these savings in areas with high growth potential is likely to drive growth. Campbell is indeed progressing well in this regard, generating better-than-expected results from its three-year cost savings program. This also encouraged management to raise its savings target to $300 million by the end of fiscal 2018 from $250 million anticipated earlier.

The splendid cost savings also helped Campbell witness gross margin expansion for the fifth straight quarter, in third-quarter fiscal 2016 – wherein this Zacks Rank #3 (Hold) company’s  bottom line met our estimate, despite facing currency headwinds. A deeper insight into the company’s past performance reveals that its bottom line has outperformed the Zacks Consensus Estimate in five out of the past seven quarters, highlighting its superb history and inherent strength.

Moreover, based on the third-quarter results, management raised its fiscal 2016 earnings per share outlook, reflecting confidence in its future potential. Campbell also flaunts a healthy financial status and its robust operating cash flow provides the company with the flexibility to drive future growth, enabling it to sponsor the development of fast-growing businesses, incur capital expenditures and return excess cash to shareholders.

All these factors, along with Campbell’s prudent investment and strategic efforts toward product innovation and brand building, are likely to boost profitability and thus, instill confidence among shareholders about its solid future prospects. Clearly, there is nothing that Campbell lacks, in order to grab your attention. So, if you haven’t paid heed yet, remember − better late than never!

In fact, apart from Campbell, other stocks such as Kellogg Company (K Quick QuoteK - Free Report) , Dollar General Corporation (DG Quick QuoteDG - Free Report) and The Clorox Company (CLX Quick QuoteCLX - Free Report) also hit 52 week highs of $82.89, $94.68 and $140.47, respectively, on Jul 6.

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