Dynamic Technology Lab Private Ltd Purchases New Stake in Campbell Soup (NASDAQ:CPB)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Campbell Soup (NASDAQ:CPB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,583 shares of the company’s stock, valued at approximately $1,007,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter worth $32,000. nVerses Capital LLC bought a new position in Campbell Soup during the third quarter worth about $34,000. Ashton Thomas Securities LLC purchased a new position in shares of Campbell Soup in the third quarter worth about $39,000. TruNorth Capital Management LLC bought a new stake in shares of Campbell Soup in the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Campbell Soup during the 2nd quarter valued at approximately $44,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

NASDAQ CPB opened at $46.07 on Thursday. The business has a 50-day moving average price of $47.09 and a 200-day moving average price of $47.04. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

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

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s payout ratio is 78.31%.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Barclays upped their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.58.

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.