abrdn plc Sells 13,211 Shares of The Campbell Soup Company (NASDAQ:CPB)

abrdn plc reduced its stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,327 shares of the company's stock after selling 13,211 shares during the period. abrdn plc owned approximately 0.13% of Campbell Soup worth $15,863,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in Campbell Soup during the 3rd quarter valued at approximately $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Campbell Soup in the 3rd quarter worth approximately $39,000. Friedenthal Financial bought a new stake in shares of Campbell Soup in the 3rd quarter worth approximately $48,000. Spire Wealth Management boosted its position in shares of Campbell Soup by 29.6% in the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company's stock worth $59,000 after purchasing an additional 321 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Campbell Soup by 45.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company's stock worth $87,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Down 0.5 %

CPB stock traded down $0.20 during trading on Monday, reaching $37.33. 851,096 shares of the stock traded hands, compared to its average volume of 2,867,450. The business's 50 day moving average price is $40.64 and its 200-day moving average price is $45.49. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm has a market capitalization of $11.13 billion, a PE ratio of 20.40, a P/E/G ratio of 2.59 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. As a group, sell-side analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a $0.39 dividend. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 4.18%. The ex-dividend date was Thursday, January 2nd. Campbell Soup's payout ratio is currently 85.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPB. Wells Fargo & Company cut their price target on Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Stephens reissued an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Citigroup reduced their price objective on Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Finally, Piper Sandler upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Campbell Soup currently has a consensus rating of "Hold" and an average target price of $50.17.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.