Assenagon Asset Management S.A. Purchases 1,324 Shares of Campbell Soup (NASDAQ:CPB)

Assenagon Asset Management S.A. lifted its holdings in Campbell Soup (NASDAQ:CPBFree Report) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,628 shares of the company’s stock after purchasing an additional 1,324 shares during the period. Assenagon Asset Management S.A.’s holdings in Campbell Soup were worth $618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Campbell Soup during the third quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter valued at approximately $32,000. Larson Financial Group LLC increased its holdings in Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares in the last quarter. TruNorth Capital Management LLC bought a new stake in Campbell Soup during the 2nd quarter worth approximately $44,000. Finally, Rothschild Investment LLC purchased a new position in Campbell Soup during the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Campbell Soup stock opened at $46.33 on Friday. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm’s fifty day moving average is $49.03 and its 200 day moving average is $47.00. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.78 and a beta of 0.18.

Campbell Soup (NASDAQ:CPBGet Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company earned $0.50 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. Campbell Soup’s dividend payout ratio is presently 78.31%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPB. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Wells Fargo & Company upped their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $58.00 in a research note on Monday, October 7th. DA Davidson downgraded Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Friday, September 27th. Finally, Barclays increased their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.83.

View Our Latest Stock Analysis on Campbell Soup

Campbell Soup Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Campbell Soup (NASDAQ:CPB)

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