Quantinno Capital Management LP Boosts Stock Position in Campbell Soup (NASDAQ:CPB)

Quantinno Capital Management LP increased its holdings in Campbell Soup (NASDAQ:CPB) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,471 shares of the company’s stock after purchasing an additional 1,076 shares during the quarter. Quantinno Capital Management LP’s holdings in Campbell Soup were worth $2,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. LSV Asset Management grew its position in shares of Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after buying an additional 2,390,700 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in Campbell Soup by 4,419.0% in the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after acquiring an additional 716,320 shares in the last quarter. Victory Capital Management Inc. increased its position in Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after purchasing an additional 558,944 shares during the period. Armistice Capital LLC raised its holdings in Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after purchasing an additional 517,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $43.11 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.94 and a beta of 0.18. The business has a 50-day simple moving average of $46.11 and a two-hundred day simple moving average of $46.94. Campbell Soup has a fifty-two week low of $40.26 and a fifty-two week high of $52.81.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is 80.87%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CPB shares. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays lowered their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday. Citigroup reduced their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Finally, Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $58.00 in a report on Monday, October 7th. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.92.

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.