Quantbot Technologies LP Has $5.62 Million Stock Position in Campbell Soup (NASDAQ:CPB)

Quantbot Technologies LP lifted its stake in Campbell Soup (NASDAQ:CPB) by 69.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 114,889 shares of the company’s stock after buying an additional 47,117 shares during the period. Quantbot Technologies LP’s holdings in Campbell Soup were worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Campbell Soup during the third quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter worth approximately $32,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup in the 3rd quarter valued at $39,000. TruNorth Capital Management LLC bought a new stake in Campbell Soup in the second quarter valued at $44,000. Finally, Rothschild Investment LLC bought a new stake in shares of Campbell Soup in the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CPB shares. Argus raised 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. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Barclays boosted their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.58.

Campbell Soup Price Performance

Shares of CPB opened at $46.60 on Wednesday. The stock has a 50 day simple moving average of $47.19 and a 200 day simple moving average of $47.03. 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 firm has a market capitalization of $13.87 billion, a PE ratio of 24.66, a P/E/G ratio of 2.60 and a beta of 0.19.

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 analysts’ consensus estimates of $0.62 by $0.01. The business 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%. Campbell Soup’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. Sell-side analysts predict 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. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.18%. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

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.