Moors & Cabot Inc. Purchases 450 Shares of Campbell Soup (NASDAQ:CPB)

Moors & Cabot Inc. grew its holdings in Campbell Soup (NASDAQ:CPB) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,460 shares of the company’s stock after purchasing an additional 450 shares during the period. Moors & Cabot Inc.’s holdings in Campbell Soup were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. nVerses Capital LLC bought a new position in Campbell Soup in the 3rd quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Campbell Soup during the second quarter worth $32,000. Ashton Thomas Securities LLC bought a new stake in Campbell Soup during the 3rd quarter worth $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. Institutional investors own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CPB shares. DA Davidson downgraded shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research report on Friday, September 27th. TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Royal Bank of Canada lifted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Finally, Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Stock Performance

NASDAQ CPB opened at $45.29 on Friday. The company has a market capitalization of $13.48 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The company has a 50-day simple moving average of $47.42 and a 200 day simple moving average of $47.00.

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

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 78.31%.

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.