UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 363,681 Shares of Campbell Soup (NASDAQ:CPB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Campbell Soup (NASDAQ:CPB - Free Report) by 16.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,833,010 shares of the company's stock after selling 363,681 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.62% of Campbell Soup worth $89,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CPB. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Campbell Soup in the second quarter valued at about $32,000. nVerses Capital LLC acquired a new position in shares of Campbell Soup during the third quarter worth $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup during the third quarter worth $39,000. TruNorth Capital Management LLC acquired a new position in Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC purchased a new position in Campbell Soup during the second quarter worth approximately $44,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPB. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Stifel Nicolaus reiterated a "hold" rating and issued a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. Barclays increased their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an "underweight" rating in a research report on Thursday, September 12th. Finally, Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $51.58.

Campbell Soup Trading Down 1.5 %

Shares of CPB traded down $0.70 during trading hours on Tuesday, reaching $45.53. The stock had a trading volume of 3,689,496 shares, compared to its average volume of 2,521,642. The firm has a 50-day moving average of $46.71 and a 200 day moving average of $47.04. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a market cap of $13.55 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.66 and a beta of 0.18. Campbell Soup has a 52 week low of $40.18 and a 52 week high of $52.81.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a $0.39 dividend. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.43%. Campbell Soup's dividend payout ratio (DPR) is currently 78.31%.

Campbell Soup 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.