Tidal Investments LLC Grows Stake in Campbell Soup (NASDAQ:CPB)

Tidal Investments LLC lifted its stake in Campbell Soup (NASDAQ:CPB) by 304.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,927 shares of the company’s stock after buying an additional 20,268 shares during the period. Tidal Investments LLC’s holdings in Campbell Soup were worth $1,317,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. nVerses Capital LLC purchased a new position in Campbell Soup in the 3rd quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup in the second quarter valued at about $32,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup during the 3rd quarter valued at approximately $39,000. Rothschild Investment LLC purchased a new stake in Campbell Soup during the 2nd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays dropped their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Stifel Nicolaus dropped their target price on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. JPMorgan Chase & Co. increased their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. DA Davidson reissued a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $50.92.

Campbell Soup Stock Performance

Shares of CPB opened at $41.66 on Thursday. The firm has a fifty day moving average of $45.56 and a 200-day moving average of $46.88. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a $0.39 dividend. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.74%. Campbell Soup’s dividend payout ratio is 85.25%.

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.