Aster Capital Management DIFC Ltd significantly reduced its stake in The Campbell’s Company (CPB) by 83.4% in the third quarter, selling 57,267 shares to hold 11,416 shares valued at $361,000. This move aligns with a broader analyst consensus of “Reduce” for CPB, with several brokerages lowering price targets and one downgrading the stock to a sell. Despite the institutional selling, Campbell’s announced a quarterly dividend of $0.39, offering a 5.8% yield, while the company’s stock has been trading near its 52-week low.
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Aster Capital Management DIFC Ltd Lowers Stock Holdings in The Campbell's Company $CPB
Aster Capital Management DIFC Ltd significantly reduced its stake in The Campbell’s Company (CPB) by 83.4% in the third quarter, selling 57,267 shares to hold 11,416 shares valued at $361,000. This move aligns with a broader analyst consensus of “Reduce” for CPB, with several brokerages lowering price targets and one downgrading the stock to a sell. Despite the institutional selling, Campbell’s announced a quarterly dividend of $0.39, offering a 5.8% yield, while the company’s stock has been trading near its 52-week low.