Managed Asset Portfolios buys $11,092,830 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Managed Asset Portfolios scooped up 1,150 additional shares in Campbell Soup Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 181,969 shares of Campbell Soup Company which is valued at $11,092,830.Campbell Soup Company makes up approximately 4.73% of Managed Asset Portfolios’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in CPB in the latest quarter, The investment management firm added 225,113 additional shares and now holds a total of 12,360,297 shares of Campbell Soup Company which is valued at $753,483,705. Campbell Soup Company makes up approx 0.05% of Vanguard Group Inc’s portfolio.Mckinley Carter Wealth Services boosted its stake in CPB in the latest quarter, The investment management firm added 9,128 additional shares and now holds a total of 23,918 shares of Campbell Soup Company which is valued at $1,455,889. Campbell Soup Company makes up approx 0.74% of Mckinley Carter Wealth Services’s portfolio.Pennsylvania Trust Co boosted its stake in CPB in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 13,650 shares of Campbell Soup Company which is valued at $881,517. Campbell Soup Company makes up approx 0.07% of Pennsylvania Trust Co’s portfolio.

Campbell Soup Company closed down -3.81 points or -6.27% at $56.91 with 79,31,620 shares getting traded on Thursday. Post opening the session at $57.67, the shares hit an intraday low of $56.67 and an intraday high of $58.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Campbell Soup Company reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus of $0.50. The company had revenue of $1687.00 million for the quarter, compared to analysts expectations of $1694.54 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Campbell Soup Company. Shares were Reiterated by UBS on Sep 2, 2016 to “Sell” and Lowered the Price Target to $ 51 from a previous price target of $52 .Shares were Reiterated by RBC Capital Mkts on Sep 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 58 from a previous price target of $62 .

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.

Leave a Reply

Campbell Soup Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Campbell Soup Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.