11,777 Shares in Campbell Soup (NASDAQ:CPB) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of Campbell Soup (NASDAQ:CPB) during the third quarter, HoldingsChannel.com reports. The firm bought 11,777 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup during the 2nd quarter worth about $32,000. nVerses Capital LLC acquired a new stake in Campbell Soup in the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC purchased a new position in Campbell Soup in the third quarter worth approximately $39,000. TruNorth Capital Management LLC acquired a new position in Campbell Soup during the 2nd quarter worth approximately $44,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of CPB opened at $45.29 on Friday. 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 fifty-two week low of $39.65 and a fifty-two week high of $52.81. The firm has a 50-day simple moving average of $47.30 and a 200-day simple moving average of $47.00. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.56 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.27%. Campbell Soup’s payout ratio is currently 78.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson cut shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Friday, September 27th. Royal Bank of Canada upped their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Barclays raised their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Wells Fargo & Company upped their price target on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Finally, TD Cowen raised their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.58.

Campbell Soup Company 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.