Point72 Hong Kong Ltd Acquires Shares of 7,725 Campbell Soup (NASDAQ:CPB)

Point72 Hong Kong Ltd acquired a new stake in Campbell Soup (NASDAQ:CPBFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,725 shares of the company’s stock, valued at approximately $378,000.

Other large investors have also made changes to their positions in the company. Erste Asset Management GmbH purchased a new stake in shares of Campbell Soup during the third quarter worth about $5,913,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Campbell Soup by 348.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,241 shares of the company’s stock worth $7,007,000 after buying an additional 111,300 shares in the last quarter. Verition Fund Management LLC raised its holdings in shares of Campbell Soup by 422.3% during the third quarter. Verition Fund Management LLC now owns 312,260 shares of the company’s stock valued at $15,276,000 after acquiring an additional 252,469 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Campbell Soup by 15.4% in the third quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company’s stock valued at $441,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of Campbell Soup in the third quarter worth approximately $223,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Trading Up 0.1 %

CPB opened at $46.23 on Tuesday. The stock has a market capitalization of $13.76 billion, a PE ratio of 24.46, a P/E/G ratio of 2.66 and a beta of 0.19. Campbell Soup has a one year low of $40.18 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The business’s 50 day moving average price is $46.71 and its 200 day moving average price is $47.04.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is 78.31%.

Analyst Upgrades and Downgrades

CPB has been the subject of several recent research reports. Barclays increased their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Friday, September 20th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. Finally, StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.58.

Get Our Latest Analysis on Campbell Soup

Campbell Soup Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Campbell Soup (NASDAQ:CPB)

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