Campbell Soup Company (CPB) : Symons Capital Management Inc reduced its stake in Campbell Soup Company by 1.14% during the most recent quarter end. The investment management company now holds a total of 376,267 shares of Campbell Soup Company which is valued at $24.9 Million after selling 4,355 shares in Campbell Soup Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.Campbell Soup Company makes up approximately 6.17% of Symons Capital Management Inc’s portfolio.
Other Hedge Funds, Including , O’shaughnessy Asset Management boosted its stake in CPB in the latest quarter, The investment management firm added 1,388 additional shares and now holds a total of 2,470 shares of Campbell Soup Company which is valued at $163,267.Teacher Retirement System Of Texas boosted its stake in CPB in the latest quarter, The investment management firm added 5,693 additional shares and now holds a total of 125,512 shares of Campbell Soup Company which is valued at $8.3 Million. Campbell Soup Company makes up approx 0.06% of Teacher Retirement System Of Texas’s portfolio.Tiaa Cref Investment Management boosted its stake in CPB in the latest quarter, The investment management firm added 163,877 additional shares and now holds a total of 1,035,175 shares of Campbell Soup Company which is valued at $66.2 Million. Campbell Soup Company makes up approx 0.05% of Tiaa Cref Investment Management’s portfolio.Boyar Asset Management reduced its stake in CPB by selling 645 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 28,047 shares of CPB which is valued at $1.8 Million. Campbell Soup Company makes up approx 1.40% of Boyar Asset Management’s portfolio.
Campbell Soup Company closed down -0.26 points or -0.43% at $60.65 with 23,81,361 shares getting traded on Wednesday. Post opening the session at $60.9, the shares hit an intraday low of $60.31 and an intraday high of $61 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Campbell Soup Company reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 20, 2016. Analyst had a consensus of $0.64. The company had revenue of $1870.00 million for the quarter, compared to analysts expectations of $1908.73 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on Campbell Soup Company. Company shares were Upgraded by Goldman on Feb 29, 2016 to ” Neutral”, Firm has raised the Price Target to $ 62 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Feb 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 62 from a previous price target of $58 .
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces and Pace Mexican sauces. Its Global Baking and Snacking segment includes Pepperidge Farm cookies crackers bakery and frozen products in the United States retail. Its International Simple Meals and Beverages segment includes retail business in Canada. Its U.S. Beverages segment includes various products such as V8 juices and beverages and Campbell’s tomato juice. Its Bolthouse and Foodservice segment comprises the Bolthouse Farms carrot products operating segment including fresh carrots juice concentrate and fiber. Its brands include Arnott’s Bolthouse Farms Campbell’s Garden Fresh Gourmet Goldfish Kjeldsens and Pace.