20,400 Shares in Campbell Soup (NASDAQ:CPB) Purchased by Versor Investments LP

Versor Investments LP purchased a new stake in Campbell Soup (NASDAQ:CPB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,400 shares of the company's stock, valued at approximately $998,000.

A number of other large investors also recently modified their holdings of CPB. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Campbell Soup during the second quarter valued at approximately $32,000. nVerses Capital LLC bought a new position in Campbell Soup during the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the third quarter valued at approximately $39,000. TruNorth Capital Management LLC purchased a new stake in Campbell Soup during the second quarter valued at approximately $44,000. Finally, Rothschild Investment LLC purchased a new stake in Campbell Soup during the second quarter valued at approximately $44,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Argus upgraded Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective for the company in a research note on Friday, September 20th. Royal Bank of Canada lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a research note on Friday, September 13th. DA Davidson cut Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price objective on the stock. in a report on Friday, September 27th. Finally, Wells Fargo & Company lifted their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Campbell Soup currently has an average rating of "Hold" and a consensus price target of $50.83.

Campbell Soup Stock Performance

Shares of Campbell Soup stock traded down $0.52 during midday trading on Tuesday, hitting $44.24. The company had a trading volume of 2,311,389 shares, compared to its average volume of 2,517,145. Campbell Soup has a 1-year low of $39.65 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The business's 50 day simple moving average is $48.55 and its two-hundred day simple moving average is $47.10. The stock has a market cap of $13.17 billion, a PE ratio of 23.68, a P/E/G ratio of 2.72 and a beta of 0.19.

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

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, October 3rd. Campbell Soup's dividend payout ratio (DPR) is currently 78.31%.

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.