Aberdeen Group plc Sells 238,507 Shares of The Campbell's Company $CPB

Key Points

• Aberdeen Group plc reduced its stake in The Campbell's Company by 62.5%, selling 238,507 shares, and now holds 142,820 shares worth approximately $5.76 million.
• Recent analyst reports indicate a decline in price targets for Campbell's, with major firms like Jefferies and Morgan Stanley lowering their projections and ratings on the stock.
• Campbell's reported earnings of $0.73 per share for the last quarter, surpassing expectations and showing a 4.5% increase in revenue year-over-year, with a current market cap of $9.66 billion.

Aberdeen Group plc cut its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 62.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,820 shares of the company's stock after selling 238,507 shares during the quarter. Aberdeen Group plc's holdings in Campbell's were worth $5,757,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CPB. Manchester Capital Management LLC increased its stake in shares of Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Campbell's in the 1st quarter worth approximately $31,000. Riverview Trust Co bought a new position in Campbell's during the 1st quarter valued at approximately $46,000. Banque Cantonale Vaudoise purchased a new position in Campbell's during the first quarter valued at $47,000. Finally, Curat Global LLC bought a new stake in Campbell's in the first quarter worth $58,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CPB shares. Jefferies Financial Group reduced their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Morgan Stanley reduced their price objective on shares of Campbell's from $35.00 to $32.00 and set an "equal weight" rating for the company in a research note on Monday. UBS Group initiated coverage on shares of Campbell's in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $36.00 target price on the stock. Barclays reduced their price target on shares of Campbell's from $35.00 to $30.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. Finally, Piper Sandler restated a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Campbell's in a report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $38.44.

Campbell's Stock Down 0.9%

CPB opened at $32.39 on Thursday. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 10.59 and a beta of 0.08. The firm has a 50 day moving average price of $31.87 and a 200-day moving average price of $35.47. The Campbell's Company has a twelve month low of $29.39 and a twelve month high of $52.81. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Campbell's has set its FY 2025 guidance at 2.950-2.950 EPS. Equities research analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current year.

About Campbell's

The Campbell's Company, formerly known as 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.

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