Campbell Soup (NASDAQ:CPB) Stake Boosted by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 304.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,927 shares of the company's stock after purchasing an additional 20,268 shares during the quarter. Tidal Investments LLC's holdings in Campbell Soup were worth $1,317,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Cowen boosted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research report on Thursday, September 12th. Sanford C. Bernstein raised shares of Campbell Soup from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Wells Fargo & Company reduced their target price 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, December 5th. DA Davidson restated a "neutral" rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Argus raised Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price target on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.92.

Campbell Soup Trading Down 0.2 %

Shares of NASDAQ:CPB traded down $0.08 during midday trading on Thursday, reaching $41.58. The company had a trading volume of 2,906,836 shares, compared to its average volume of 2,569,544. The company has a fifty day simple moving average of $45.44 and a two-hundred day simple moving average of $46.84. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18. Campbell Soup has a 1-year low of $40.26 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.75%. Campbell Soup's payout ratio is currently 85.25%.

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.