119,800 Shares in Campbell Soup (NASDAQ:CPB) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new stake in Campbell Soup (NASDAQ:CPB - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 119,800 shares of the company's stock, valued at approximately $5,913,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Campbell Soup by 348.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,241 shares of the company's stock worth $7,007,000 after buying an additional 111,300 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Campbell Soup by 422.3% during the 3rd quarter. Verition Fund Management LLC now owns 312,260 shares of the company's stock worth $15,276,000 after buying an additional 252,469 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Campbell Soup by 15.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company's stock worth $441,000 after buying an additional 1,200 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Campbell Soup during the 3rd quarter worth approximately $223,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Campbell Soup by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 332,855 shares of the company's stock worth $16,283,000 after buying an additional 47,105 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CPB. Argus upgraded shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective for the company in a research report on Friday, September 20th. Piper Sandler upgraded shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $47.00 to $56.00 in a research report 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 on the stock. in a report on Friday, September 27th. Barclays lifted their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Campbell Soup has an average rating of "Hold" and an average target price of $51.58.

Campbell Soup Stock Performance

CPB traded down $0.70 during trading on Tuesday, hitting $45.53. The stock had a trading volume of 3,689,496 shares, compared to its average volume of 2,521,642. The firm has a market capitalization of $13.55 billion, a P/E ratio of 24.09, a PEG ratio of 2.66 and a beta of 0.18. Campbell Soup has a twelve month low of $40.18 and a twelve month high of $52.81. The company's 50-day moving average price is $46.63 and its 200 day moving average price is $47.03. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.43%. Campbell Soup's payout ratio is presently 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.