Campbell Soup (NASDAQ:CPB) Stock Position Lifted by Tidal Investments LLC

Tidal Investments LLC lifted its stake in shares of Campbell Soup (NASDAQ:CPB) by 304.4% during the third quarter, Holdings Channel.com reports. The firm owned 26,927 shares of the company’s stock after acquiring an additional 20,268 shares during the period. Tidal Investments LLC’s holdings in Campbell Soup were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CPB. Wilmington Savings Fund Society FSB acquired a new stake in Campbell Soup in the third quarter worth approximately $216,000. Sanctuary Advisors LLC acquired a new stake in shares of Campbell Soup in the third quarter valued at $240,000. Morse Asset Management Inc bought a new position in Campbell Soup during the third quarter valued at about $183,000. Passumpsic Savings Bank acquired a new position in Campbell Soup during the third quarter worth about $221,000. Finally, Toronto Dominion Bank lifted its holdings in Campbell Soup by 32.6% in the 3rd quarter. Toronto Dominion Bank now owns 135,474 shares of the company’s stock valued at $6,627,000 after acquiring an additional 33,275 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Trading Down 3.2 %

NASDAQ:CPB opened at $41.66 on Thursday. The stock’s 50-day moving average is $45.56 and its two-hundred day moving average is $46.88. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a market cap of $12.42 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.74%. The ex-dividend date is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CPB shares. DA Davidson reiterated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Stifel Nicolaus decreased their target price on Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Finally, Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a 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 issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.