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Campbell Soup (NASDAQ:CPB) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Campbell Soup logo with Consumer Staples background

Caisse DE Depot ET Placement DU Quebec grew its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 348.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,241 shares of the company's stock after acquiring an additional 111,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Campbell Soup were worth $7,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in Campbell Soup by 1.9% in the second quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock valued at $393,603,000 after purchasing an additional 161,392 shares during the period. Dimensional Fund Advisors LP raised its holdings in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock valued at $129,971,000 after buying an additional 363,736 shares during the period. LSV Asset Management lifted its position in Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock valued at $110,187,000 after buying an additional 2,390,700 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Campbell Soup by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company's stock worth $86,375,000 after buying an additional 12,822 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company's stock valued at $58,342,000 after acquiring an additional 558,944 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CPB shares. Sanford C. Bernstein raised Campbell Soup from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $55.00 to $58.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 11th. Barclays raised their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 11th. Finally, TD Cowen raised their price target 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Campbell Soup presently has an average rating of "Hold" and an average target price of $51.58.

Get Our Latest Research Report on CPB

Campbell Soup Stock Performance

Shares of CPB stock traded down $0.70 during midday trading on Tuesday, hitting $45.53. The company had a trading volume of 3,689,496 shares, compared to its average volume of 2,521,642. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.66 and a beta of 0.18. 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 company's 50 day simple moving average is $46.71 and its 200 day simple moving average is $47.04. Campbell Soup has a 52-week low of $40.18 and a 52-week high of $52.81.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.43%. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is presently 78.31%.

About Campbell Soup

(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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