NEW YORK (TheStreet) -- Campbell Soup Co. (CPB) - Get Report stock is up 2.82% to $51.21 in morning trading today, after reporting first quarter 2016 earnings and revenue ahead of analysts' expectations before the market open.
"I read the note, and they mean business," TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning. "This is not the 'Mmm Mmm Good' Campbell's - this is a new Campbell's."
The company is acting as its own internal activist, Cramer added.
Campbell's success goes beyond just being an internal activist, though, he said. The food products manufacturer owns products such as V8 juices, Prego pasta sauces, Goldfish crackers and Pepperidge Farm bakery items, which have done well, Cramer noted.
Cramer added that he looks forward to using Campbell's Bolthouse Farms dressing this Thanksgiving, though his wife, who he said doesn't watch the show, will likely attempt to create her own version.
"[CEO] Denise Morrison is doing such a good job," Cramer said. "TNP - take no prisoners!"
Separately, TheStreet Ratings team rates CAMPBELL SOUP CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate CAMPBELL SOUP CO (CPB) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: CPB
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.