37,818 Shares in Campbell Soup (NASDAQ:CPB) Acquired by Tabor Asset Management LP

Tabor Asset Management LP acquired a new position in shares of Campbell Soup (NASDAQ:CPB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,818 shares of the company's stock, valued at approximately $1,850,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company's stock valued at $491,581,000 after acquiring an additional 298,203 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Campbell Soup in the 3rd quarter valued at approximately $204,000. Quantinno Capital Management LP grew its position in shares of Campbell Soup by 2.0% in the 3rd quarter. Quantinno Capital Management LP now owns 54,471 shares of the company's stock valued at $2,665,000 after purchasing an additional 1,076 shares during the period. Readystate Asset Management LP grew its position in shares of Campbell Soup by 40.8% in the 3rd quarter. Readystate Asset Management LP now owns 18,126 shares of the company's stock valued at $887,000 after purchasing an additional 5,255 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of Campbell Soup in the 3rd quarter valued at approximately $385,000. 52.35% of the stock is owned by institutional investors.

Campbell Soup Price Performance

Shares of NASDAQ CPB traded up $0.25 during mid-day trading on Friday, reaching $42.88. The company had a trading volume of 1,549,581 shares, compared to its average volume of 2,537,741. 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 has a one year low of $40.26 and a one year high of $52.81. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 2.62 and a beta of 0.18. The business's 50-day simple moving average is $46.36 and its 200 day simple moving average is $46.97.

Campbell Soup Increases Dividend

The firm 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's payout ratio is currently 80.87%.

Analyst Ratings Changes

CPB has been the subject of several research reports. Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price target for the company in a research note on Friday, September 20th. Citigroup decreased their price target on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Campbell Soup from $51.00 to $45.00 and set an "equal weight" rating for the company in a research note on Thursday. TD Cowen raised their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a "hold" rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Campbell Soup currently has an average rating of "Hold" and an average target price of $50.92.

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.