Dynamic Technology Lab Private Ltd Invests $1.01 Million in Campbell Soup (NASDAQ:CPB)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Campbell Soup (NASDAQ:CPB - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 20,583 shares of the company's stock, valued at approximately $1,007,000.

A number of other large investors have also recently bought and sold shares of CPB. M&G Plc acquired a new position in Campbell Soup during the 2nd quarter worth approximately $469,000. Raymond James Trust N.A. raised its stake in Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock worth $451,000 after buying an additional 2,809 shares during the period. Swedbank AB acquired a new position in Campbell Soup during the 1st quarter worth approximately $11,405,000. Dimensional Fund Advisors LP raised its stake in Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock worth $129,971,000 after buying an additional 363,736 shares during the period. Finally, MN Wealth Advisors LLC acquired a new position in Campbell Soup during the 3rd quarter worth approximately $940,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

NASDAQ CPB traded down $0.53 on Thursday, hitting $46.07. 1,894,954 shares of the stock traded hands, compared to its average volume of 2,523,356. The business's fifty day moving average is $46.99 and its two-hundred day moving average is $47.03. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 2.64 and a beta of 0.19. 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 (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company earned $0.50 earnings per share. Campbell Soup's revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.21%. The ex-dividend date was Thursday, October 3rd. Campbell Soup's dividend payout ratio (DPR) is 78.31%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CPB shares. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. increased 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. Argus raised Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective for the company in a research note on Friday, September 20th. DA Davidson downgraded Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price objective for the company. in a research note on Friday, September 27th. Finally, StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $51.58.

Campbell Soup Company 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.