XTX Topco Ltd Makes New Investment in Campbell Soup (NASDAQ:CPB)

XTX Topco Ltd bought a new stake in shares of Campbell Soup (NASDAQ:CPB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,910 shares of the company’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after purchasing an additional 161,392 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares during the last quarter. LSV Asset Management raised its holdings in Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after buying an additional 2,390,700 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Campbell Soup by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after buying an additional 12,822 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $42.56 on Tuesday. Campbell Soup has a 12 month low of $40.26 and a 12 month high of $52.81. The stock’s fifty day moving average price is $45.65 and its 200-day moving average price is $46.89. The firm has a market cap of $12.69 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.96 and a beta of 0.18. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.67%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPB shares. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. TD Cowen raised their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.92.

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.