Dynamic Technology Lab Private Ltd Purchases Shares of 20,583 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 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in Campbell Soup by 32.8% in the third quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the company’s stock valued at $1,385,000 after buying an additional 6,985 shares during the period. Larson Financial Group LLC lifted its stake in shares of Campbell Soup by 72.2% in the 3rd quarter. Larson Financial Group LLC now owns 7,295 shares of the company’s stock valued at $357,000 after purchasing an additional 3,059 shares during the period. Swedbank AB boosted its position in shares of Campbell Soup by 49.3% during the 3rd quarter. Swedbank AB now owns 350,764 shares of the company’s stock valued at $17,159,000 after purchasing an additional 115,794 shares in the last quarter. Raymond James Trust N.A. grew its stake in Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after purchasing an additional 2,809 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Campbell Soup by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after purchasing an additional 12,822 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Wells Fargo & Company lifted their price target 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. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup Trading Down 1.1 %

Shares of Campbell Soup stock opened at $46.07 on Thursday. The company has a market capitalization of $13.71 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. The stock has a fifty day simple moving average of $47.09 and a 200 day simple moving average of $47.04. Campbell Soup has a 12-month low of $39.65 and a 12-month high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last posted its earnings results 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 net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were paid a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.21%. Campbell Soup’s dividend payout ratio (DPR) is 78.31%.

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.