abrdn plc Grows Position in Campbell Soup (NASDAQ:CPB)

abrdn plc boosted its stake in shares of Campbell Soup (NASDAQ:CPB) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 394,538 shares of the company’s stock after acquiring an additional 8,866 shares during the period. abrdn plc’s holdings in Campbell Soup were worth $19,257,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPB. Blair William & Co. IL boosted its position in shares of Campbell Soup by 0.5% during the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after acquiring an additional 218 shares during the last quarter. Empirical Finance LLC grew its position in shares of Campbell Soup by 3.6% during the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after buying an additional 239 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in Campbell Soup by 1.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after purchasing an additional 254 shares during the period. Diversified Trust Co increased its holdings in Campbell Soup by 0.3% during the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after buying an additional 283 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of Campbell Soup by 4.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after acquiring an additional 287 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of CPB stock opened at $46.65 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The company has a market capitalization of $13.93 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. The firm’s 50-day moving average is $49.20 and its two-hundred day moving average is $46.98. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts predict that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Royal Bank of Canada increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Wells Fargo & Company raised their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Barclays boosted their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and a consensus target price of $50.83.

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.