Cantab Capital Partners Llp Lowers stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Cantab Capital Partners Llp reduced its stake in Campbell Soup Company by 5.77% during the most recent quarter end. The investment management company now holds a total of 35,802 shares of Campbell Soup Company which is valued at $2.4 Million after selling 2,191 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 0.64% of Cantab Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Rothschild Asset Management Inc boosted its stake in CPB in the latest quarter, The investment management firm added 1,399 additional shares and now holds a total of 6,729 shares of Campbell Soup Company which is valued at $444,787. Campbell Soup Company makes up approx 0.01% of Rothschild Asset Management Inc’s portfolio. Eos Management sold out all of its stake in CPB during the most recent quarter. The investment firm sold 18,668 shares of CPB which is valued $1.2 Million. Ifc Holdings Incorporatedfl added CPB to its portfolio by purchasing 23,866 company shares during the most recent quarter which is valued at $1.5 Million. Campbell Soup Company makes up approx 0.19% of Ifc Holdings Incorporatedfl’s portfolio.Gabelli Funds reduced its stake in CPB by selling 4,000 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 481,800 shares of CPB which is valued at $30.8 Million. Campbell Soup Company makes up approx 0.19% of Gabelli Funds’s portfolio. Hanseatic Management Services Inc added CPB to its portfolio by purchasing 46,475 company shares during the most recent quarter which is valued at $3 Million. Campbell Soup Company makes up approx 1.09% of Hanseatic Management Services Inc’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.

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