16,964 Shares in Campbell Soup (NASDAQ:CPB) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Campbell Soup (NASDAQ:CPB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,964 shares of the company's stock, valued at approximately $830,000.

Several other large investors also recently bought and sold shares of CPB. LSV Asset Management lifted its position in shares of 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 acquiring an additional 2,390,700 shares in the last quarter. Wulff Hansen & CO. lifted its stake in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company's stock valued at $33,103,000 after buying an additional 716,320 shares during the period. Armistice Capital LLC grew its stake in Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company's stock worth $48,259,000 after acquiring an additional 517,550 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 acquiring an additional 363,736 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Campbell Soup by 262.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 417,596 shares of the company's stock worth $18,871,000 after purchasing an additional 302,371 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CPB. 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 report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Royal Bank of Canada upped their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a "sector perform" rating in a report on Friday, September 13th. DA Davidson cut Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 target price on the stock. in a report on Friday, September 27th. Finally, Barclays upped their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an "underweight" rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has an average rating of "Hold" and a consensus price target of $51.58.

Campbell Soup Stock Performance

Campbell Soup stock traded down $1.30 during mid-day trading on Friday, reaching $43.15. The company's stock had a trading volume of 4,313,573 shares, compared to its average volume of 2,527,371. 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 has a twelve month low of $39.65 and a twelve month high of $52.81. The business has a 50 day moving average price of $48.26 and a 200-day moving average price of $47.08. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.64 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Sell-side analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.43%. Campbell Soup's dividend payout ratio (DPR) is 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.