Landscape Capital Management L.L.C. Invests $576,000 in Campbell Soup (NASDAQ:CPB)

Landscape Capital Management L.L.C. purchased a new stake in Campbell Soup (NASDAQ:CPB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,777 shares of the company’s stock, valued at approximately $576,000.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in Campbell Soup during the first quarter worth $86,000. Bayesian Capital Management LP raised its position in shares of Campbell Soup by 218.7% during the 1st quarter. Bayesian Capital Management LP now owns 56,980 shares of the company’s stock worth $2,533,000 after purchasing an additional 39,100 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Campbell Soup by 11.3% in the 1st quarter. Janus Henderson Group PLC now owns 90,699 shares of the company’s stock valued at $4,031,000 after buying an additional 9,237 shares in the last quarter. Tidal Investments LLC boosted its holdings in Campbell Soup by 12.8% in the 1st quarter. Tidal Investments LLC now owns 18,505 shares of the company’s stock worth $822,000 after buying an additional 2,096 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Campbell Soup during the first quarter valued at approximately $11,405,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

NASDAQ CPB opened at $45.29 on Friday. The stock has a fifty day simple moving average of $47.30 and a 200-day simple moving average of $47.00. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The stock has a market cap of $13.48 billion, a PE ratio of 23.96, a P/E/G ratio of 2.56 and a beta of 0.19. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81.

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 analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.27%. Campbell Soup’s dividend payout ratio is currently 78.31%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPB. Barclays lifted their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Royal Bank of Canada upped their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. TD Cowen upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.58.

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.