2,142 Shares in Campbell Soup (NASDAQ:CPB) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management purchased 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 purchased 2,142 shares of the company’s stock, valued at approximately $104,000.

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

Campbell Soup Stock Down 0.2 %

Shares of NASDAQ:CPB opened at $42.92 on Friday. The company has a 50 day moving average of $45.83 and a 200-day moving average of $46.87. Campbell Soup has a one year low of $40.26 and a one year high of $52.81. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.94 and a beta of 0.18. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup Increases Dividend

The firm 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 dividend of $0.39 per share. 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 dividend yield of 3.63%. Campbell Soup’s payout ratio is presently 85.25%.

Wall Street Analyst Weigh In

CPB has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price objective on Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Barclays cut their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. TD Cowen upped their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, DA Davidson restated a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.92.

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.