Quantbot Technologies LP Purchases 47,117 Shares of Campbell Soup (NASDAQ:CPB)

Quantbot Technologies LP boosted its position in Campbell Soup (NASDAQ:CPB) by 69.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,889 shares of the company’s stock after acquiring an additional 47,117 shares during the period. Quantbot Technologies LP’s holdings in Campbell Soup were worth $5,620,000 at the end of the most recent quarter.

A number of 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 stake in shares of Campbell Soup in the 2nd quarter valued at about $32,000. nVerses Capital LLC bought a new position in Campbell Soup in the third quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new position in shares of Campbell Soup during the third quarter worth $39,000. TruNorth Capital Management LLC purchased a new stake in shares of Campbell Soup during the second quarter worth about $44,000. Finally, Rothschild Investment LLC acquired a new position in shares of Campbell Soup during the second quarter valued at about $44,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Up 1.5 %

CPB stock opened at $46.60 on Wednesday. Campbell Soup has a 12-month low of $39.65 and a 12-month high of $52.81. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.60 and a beta of 0.19. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The business’s 50-day moving average is $47.19 and its 200 day moving average is $47.03.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. 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 business earned $0.50 EPS. Campbell Soup’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. Campbell Soup’s dividend payout ratio is currently 78.31%.

Analysts Set New Price Targets

Several research firms recently commented on CPB. Wells Fargo & Company raised their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. Barclays increased their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Finally, TD Cowen lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $51.58.

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.