Two Sigma Advisers LP Has $29.45 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Two Sigma Advisers LP raised its holdings in Campbell Soup (NASDAQ:CPB - Free Report) by 23.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,900 shares of the company's stock after acquiring an additional 115,800 shares during the quarter. Two Sigma Advisers LP owned 0.20% of Campbell Soup worth $29,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Campbell Soup during the 2nd quarter worth about $32,000. nVerses Capital LLC acquired a new position in shares of Campbell Soup in the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC acquired a new position in shares of Campbell Soup in the 3rd quarter valued at about $39,000. TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at about $44,000. Finally, Rothschild Investment LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at about $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

NASDAQ CPB traded up $0.10 on Friday, reaching $42.73. The stock had a trading volume of 2,732,534 shares, compared to its average volume of 2,555,285. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.22. The firm has a fifty day moving average of $46.22 and a two-hundred day moving average of $46.95. Campbell Soup has a 1-year low of $40.26 and a 1-year high of $52.81. The company has a market cap of $12.74 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.45 and a beta of 0.18.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup's dividend payout ratio is currently 85.25%.

Analyst Ratings Changes

A number of brokerages recently commented on CPB. TD Cowen upped their target price on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, September 12th. StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a report on Thursday, September 26th. Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Barclays cut their price target on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a report on Friday. Finally, Wells Fargo & Company cut their price target on Campbell Soup from $51.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.