Apollon Wealth Management LLC Makes New Investment in Campbell Soup (NASDAQ:CPB)

Apollon Wealth Management LLC bought a new position in Campbell Soup (NASDAQ:CPB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,446 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup in the second quarter valued at about $32,000. nVerses Capital LLC acquired a new stake in shares of Campbell Soup in the third quarter valued at about $34,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup in the third quarter valued at about $39,000. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at about $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at about $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the subject of several recent analyst reports. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. raised their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a report on Friday, September 27th. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and raised their target price for the company from $55.00 to $58.00 in a report on Monday, October 7th. Finally, TD Cowen lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.58.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $43.15 on Monday. The stock has a market cap of $12.84 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.57 and a beta of 0.19. Campbell Soup has a fifty-two week low of $39.65 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The stock has a fifty day moving average of $47.95 and a 200-day moving average of $47.07.

Campbell Soup (NASDAQ:CPB) last announced 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. Equities research analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

About Campbell Soup

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.