Centiva Capital LP Makes New Investment in Campbell Soup (NASDAQ:CPB)

Centiva Capital LP purchased a new position in shares of 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 fund purchased 57,369 shares of the company's stock, valued at approximately $2,806,000.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on CPB shares. JPMorgan Chase & Co. upped their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Sanford C. Bernstein upgraded shares of Campbell Soup from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $55.00 to $58.00 in a report on Monday, October 7th. Piper Sandler upgraded shares of Campbell Soup from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. DA Davidson cut shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 target price for the company. in a report on Friday, September 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a report on Monday. 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 stock presently has a consensus rating of "Hold" and an average price target of $51.58.

Campbell Soup Price Performance

Shares of NASDAQ:CPB traded down $0.64 during trading on Tuesday, hitting $45.59. 2,114,230 shares of the company's stock were exchanged, compared to its average volume of 2,514,191. The business's 50-day simple moving average is $46.71 and its 200 day simple moving average is $47.04. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.66 and a beta of 0.18. Campbell Soup has a 52-week low of $40.18 and a 52-week high of $52.81. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.25%. Campbell Soup's payout ratio is 78.31%.

About Campbell Soup

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.