Harvest Fund Management Co. Ltd Makes New $109,000 Investment in Campbell Soup (NASDAQ:CPB)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Campbell Soup (NASDAQ:CPB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,226 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. M&G Plc bought a new stake in Campbell Soup during the second quarter worth approximately $469,000. Raymond James Trust N.A. boosted its holdings in shares of Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after buying an additional 2,809 shares during the period. Swedbank AB acquired a new position in Campbell Soup in the 1st quarter valued at $11,405,000. Dimensional Fund Advisors LP lifted its position in Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after acquiring an additional 363,736 shares during the last quarter. Finally, MN Wealth Advisors LLC bought a new stake in Campbell Soup during the third quarter valued at about $940,000. Institutional investors own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CPB shares. Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, September 20th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Stock Down 1.1 %

NASDAQ CPB opened at $46.07 on Thursday. Campbell Soup has a 1-year low of $39.65 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 stock’s 50 day moving average is $47.09 and its two-hundred day moving average is $47.04. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 2.64 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. Equities analysts forecast that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

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.