57,369 Shares in Campbell Soup (NASDAQ:CPB) Purchased by Centiva Capital LP

Centiva Capital LP purchased a new position in shares of Campbell Soup (NASDAQ:CPB) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 57,369 shares of the company’s stock, valued at approximately $2,806,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup during the 2nd quarter worth $32,000. nVerses Capital LLC bought a new position in Campbell Soup during the third quarter worth about $34,000. Ashton Thomas Securities LLC bought a new position in Campbell Soup during the third quarter worth about $39,000. TruNorth Capital Management LLC bought a new position in Campbell Soup during the second quarter worth about $44,000. Finally, Rothschild Investment LLC bought a new position in Campbell Soup during the second quarter worth about $44,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 0.1 %

CPB opened at $46.23 on Tuesday. The company’s 50 day moving average is $46.71 and its 200-day moving average is $47.04. Campbell Soup has a 1-year low of $40.18 and a 1-year high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The company has a market cap of $13.76 billion, a P/E ratio of 24.46, a PEG ratio of 2.66 and a beta of 0.19.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.20%. Campbell Soup’s dividend payout ratio is presently 78.31%.

Analyst Upgrades and Downgrades

CPB has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Monday. JPMorgan Chase & Co. raised their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. TD Cowen raised their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, September 20th. Finally, Barclays raised their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.58.

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.