Headinvest Lowers stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Headinvest reduced its stake in Campbell Soup Company by 3.14% during the most recent quarter end. The investment management company now holds a total of 6,172 shares of Campbell Soup Company which is valued at $374,270 after selling 200 shares in Campbell Soup Company , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Campbell Soup Company makes up approximately 0.14% of Headinvest’s portfolio.

Campbell Soup Company opened for trading at $61.14 and hit $61.86 on the upside on Wednesday, eventually ending the session at $61.64, with a gain of 1.07% or 0.65 points. The heightened volatility saw the trading volume jump to 12,30,628 shares. Company has a market cap of $19,056 M.

Other Hedge Funds, Including , Mercer Capital Advisers boosted its stake in CPB in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 2,905 shares of Campbell Soup Company which is valued at $176,159. Campbell Soup Company makes up approx 0.15% of Mercer Capital Advisers’s portfolio.Patriot Wealth Management reduced its stake in CPB by selling 57,301 shares or 42.92% in the most recent quarter. The Hedge Fund company now holds 76,194 shares of CPB which is valued at $4,620,404. Campbell Soup Company makes up approx 0.91% of Patriot Wealth Management’s portfolio.British Columbia Investment Management Corp boosted its stake in CPB in the latest quarter, The investment management firm added 4,349 additional shares and now holds a total of 87,507 shares of Campbell Soup Company which is valued at $5,590,822. Campbell Soup Company makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, Campbell Soup Company reported $0.87 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.87. The company had revenue of $2201.00 million for the quarter, compared to analysts expectations of $2193.87 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 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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