MQS Management LLC Invests $290,000 in Campbell Soup (NASDAQ:CPB)

MQS Management LLC acquired a new stake in Campbell Soup (NASDAQ:CPB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,922 shares of the company’s stock, valued at approximately $290,000.

Several other large investors have also bought and sold shares of CPB. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Campbell Soup during the second quarter worth $32,000. nVerses Capital LLC bought a new stake in Campbell Soup during the 3rd quarter worth $34,000. Ashton Thomas Securities LLC acquired a new position in Campbell Soup in the 3rd quarter worth about $39,000. TruNorth Capital Management LLC acquired a new position in Campbell Soup in the 2nd quarter worth about $44,000. Finally, Rothschild Investment LLC bought a new position in Campbell Soup in the second quarter valued at about $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB stock opened at $44.45 on Friday. The firm has a 50 day moving average of $48.26 and a 200-day moving average of $47.08. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.19. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81.

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

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.33%. Campbell Soup’s dividend payout ratio is 78.31%.

Analyst Ratings Changes

CPB has been the subject of several recent research reports. Royal Bank of Canada upped their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. TD Cowen raised their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the company from $47.00 to $56.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $51.58.

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.