45,604 Shares in Campbell Soup (NASDAQ:CPB) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Campbell Soup (NASDAQ:CPB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,604 shares of the company's stock, valued at approximately $2,231,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cetera Advisors LLC raised its stake in Campbell Soup by 7.3% in the first quarter. Cetera Advisors LLC now owns 13,120 shares of the company's stock valued at $583,000 after buying an additional 887 shares during the period. CWM LLC lifted its holdings in Campbell Soup by 15.9% during the 2nd quarter. CWM LLC now owns 4,976 shares of the company's stock valued at $225,000 after purchasing an additional 681 shares during the last quarter. Simplicity Wealth LLC bought a new position in Campbell Soup during the second quarter worth $214,000. Czech National Bank increased its holdings in shares of Campbell Soup by 8.3% in the second quarter. Czech National Bank now owns 37,492 shares of the company's stock valued at $1,694,000 after purchasing an additional 2,879 shares during the last quarter. Finally, Wedmont Private Capital bought a new position in shares of Campbell Soup in the second quarter valued at about $456,000. Institutional investors own 52.35% of the company's stock.

Campbell Soup Price Performance

Shares of CPB traded up $0.43 during midday trading on Tuesday, hitting $43.54. The company's stock had a trading volume of 3,467,876 shares, compared to its average volume of 2,551,428. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a one year low of $40.26 and a one year high of $52.81. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.18. The company's fifty day simple moving average is $46.01 and its two-hundred day simple moving average is $46.93.

Campbell Soup Increases Dividend

The business 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 represents a $1.56 dividend on an annualized basis and a yield of 3.58%. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. Campbell Soup's dividend payout ratio is currently 80.87%.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of research reports. DA Davidson reiterated a "neutral" rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Citigroup decreased their price objective on Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, December 5th. Finally, Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.