Bridgewater Associates LP Has $2.61 Million Holdings in Campbell Soup (NASDAQ:CPB)

Bridgewater Associates LP decreased its position in Campbell Soup (NASDAQ:CPB) by 35.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,250 shares of the company’s stock after selling 29,284 shares during the quarter. Bridgewater Associates LP’s holdings in Campbell Soup were worth $2,605,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Campbell Soup in the 2nd quarter worth about $32,000. nVerses Capital LLC bought a new stake in shares of Campbell Soup in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup during the third quarter worth approximately $39,000. TruNorth Capital Management LLC bought a new position in Campbell Soup during the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC acquired a new position in Campbell Soup in the 2nd quarter valued at $44,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.3 %

Shares of CPB opened at $46.20 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.65 and a beta of 0.19. The stock has a fifty day moving average of $46.80 and a 200-day moving average of $47.03.

Campbell Soup (NASDAQ:CPB) last posted its 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. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. As a group, sell-side analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors 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 dividend on an annualized basis and a yield of 3.20%. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CPB shares. DA Davidson cut Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Friday, September 27th. Barclays raised their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, September 20th. Wells Fargo & Company lifted their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.