Americafirst Capital Management buys $2,267,339 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Americafirst Capital Management scooped up 2,335 additional shares in Campbell Soup Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 35,109 shares of Campbell Soup Company which is valued at $2,267,339.Campbell Soup Company makes up approximately 1.56% of Americafirst Capital Management’s portfolio.

Other Hedge Funds, Including , Gateway Investment Advisers reduced its stake in CPB by selling 292 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 13,306 shares of CPB which is valued at $887,776. Campbell Soup Company makes up approx 0.01% of Gateway Investment Advisers’s portfolio. Quotient Investors sold out all of its stake in CPB during the most recent quarter. The investment firm sold 4,612 shares of CPB which is valued $307,713.British Columbia Investment Management Corp boosted its stake in CPB in the latest quarter, The investment management firm added 7,363 additional shares and now holds a total of 94,870 shares of Campbell Soup Company which is valued at $6,365,777. Campbell Soup Company makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

Campbell Soup Company closed down -2.05 points or -3.08% at $64.58 with 38,30,732 shares getting traded on Wednesday. Post opening the session at $66.69, the shares hit an intraday low of $63.6 and an intraday high of $66.74 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.

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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