Harvest Fund Management Co. Ltd Acquires Shares of 2,226 Campbell Soup (NASDAQ:CPB)

Harvest Fund Management Co. Ltd bought a new position in shares of Campbell Soup (NASDAQ:CPB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,226 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup in the 2nd quarter worth approximately $32,000. nVerses Capital LLC acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Campbell Soup during the third quarter worth $39,000. TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup during the second quarter valued at $44,000. Finally, Rothschild Investment LLC bought a new position in Campbell Soup in the second quarter valued at about $44,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPB has been the topic of a number of research reports. TD Cowen upped their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. DA Davidson cut shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Friday, September 27th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Barclays increased their price target on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company lifted their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.58.

Campbell Soup Trading Down 1.1 %

NASDAQ:CPB opened at $46.07 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The business’s 50-day simple moving average is $47.09 and its 200-day simple moving average is $47.04. Campbell Soup has a fifty-two week low of $39.65 and a fifty-two week high of $52.81. The stock has a market capitalization of $13.71 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given 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 is currently 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.