Y Intercept Hong Kong Ltd increased its holdings in The Campbell’s Company (NASDAQ:CPB – Free Report) by 831.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,575 shares of the company’s stock after acquiring an additional 152,269 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of Campbell’s worth $5,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of Campbell’s in the 2nd quarter worth about $25,000. Manchester Capital Management LLC increased its stake in Campbell’s by 923.2% during the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares in the last quarter. ORG Partners LLC increased its stake in Campbell’s by 77.3% during the 2nd quarter. ORG Partners LLC now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 395 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Campbell’s during the 1st quarter valued at about $47,000. 52.35% of the stock is currently owned by institutional investors.
Campbell’s Stock Performance
Shares of NASDAQ CPB opened at $31.39 on Tuesday. The firm’s 50-day moving average price is $32.08 and its 200-day moving average price is $33.09. The company has a quick ratio of 0.28, a current ratio of 0.77 and a debt-to-equity ratio of 1.56. The company has a market cap of $9.34 billion, a PE ratio of 15.70, a PEG ratio of 10.75 and a beta of 0.02. The Campbell’s Company has a 52-week low of $29.39 and a 52-week high of $48.25.
Campbell’s Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, October 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.0%. Campbell’s’s dividend payout ratio (DPR) is presently 78.00%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on CPB shares. Zacks Research upgraded shares of Campbell’s from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Campbell’s in a research note on Wednesday, October 8th. TD Cowen raised their price objective on shares of Campbell’s from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, September 4th. Sanford C. Bernstein raised their price objective on shares of Campbell’s from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, Piper Sandler restated a “neutral” rating and set a $34.00 price objective (down from $35.00) on shares of Campbell’s in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $34.82.
Read Our Latest Stock Report on CPB
Campbell’s Profile
The Campbell’s Company, formerly known as 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.
Further Reading
- Five stocks we like better than Campbell’s
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Growth Picks: 3 Low-Cost Stocks That Could Double in Value
- How to Short a Stock in 5 Easy StepsĀ
- Are These 3 Beaten-Down Stocks Ready to Rebound?
- Dividend Payout Ratio Calculator
- Does the Trump-Induced Quantum Stock Rally Have Legs?
Receive News & Ratings for Campbell's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell's and related companies with MarketBeat.com's FREE daily email newsletter.
