Aigen Investment Management LP Buys New Shares in Campbell Soup (NASDAQ:CPB)

Aigen Investment Management LP bought a new position in Campbell Soup (NASDAQ:CPB - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,739 shares of the company's stock, valued at approximately $574,000.

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

Campbell Soup Price Performance

CPB stock traded up $0.10 during trading hours on Thursday, hitting $44.37. 2,693,239 shares of the stock traded hands, compared to its average volume of 2,513,957. The stock has a 50-day simple moving average of $48.26 and a 200 day simple moving average of $47.08. The company has a market cap of $13.21 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.64 and a beta of 0.19. Campbell Soup has a one year low of $39.65 and a one year 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 - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $2.31 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company's revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.34%. Campbell Soup's payout ratio is presently 78.31%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPB. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Argus upgraded shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 target price for the company in a research note on Friday, September 20th. Stifel Nicolaus restated a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, TD Cowen increased their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a "hold" rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned 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 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.