Aigen Investment Management LP Acquires New Shares in Campbell Soup (NASDAQ:CPB)

Aigen Investment Management LP acquired a new position in Campbell Soup (NASDAQ:CPB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,739 shares of the company’s stock, valued at approximately $574,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&G Plc purchased a new position in shares of Campbell Soup in the 2nd quarter worth $469,000. Envestnet Portfolio Solutions Inc. purchased a new position in Campbell Soup in the first quarter worth about $672,000. Swedbank AB purchased a new stake in shares of Campbell Soup during the 1st quarter valued at about $11,405,000. Dimensional Fund Advisors LP lifted its stake in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares during the period. Finally, MN Wealth Advisors LLC purchased a new position in shares of Campbell Soup in the third quarter worth approximately $940,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.1 %

NASDAQ CPB opened at $44.27 on Thursday. Campbell Soup has a 12 month low of $39.65 and a 12 month 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 stock has a market cap of $13.18 billion, a PE ratio of 23.42, a P/E/G ratio of 2.64 and a beta of 0.19. The stock’s 50 day moving average is $48.26 and its 200 day moving average is $47.08.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders 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 3.34%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

Analysts Set New Price Targets

A number of analysts have commented on CPB shares. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Argus raised 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. Wells Fargo & Company lifted their target price on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Barclays upped their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Two investment 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.83.

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.