Mercer Capital Advisers buys $176,159 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Mercer Capital Advisers scooped up 78 additional shares in Campbell Soup Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 2,905 shares of Campbell Soup Company which is valued at $176,159.Campbell Soup Company makes up approximately 0.15% of Mercer Capital Advisers’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 , New York State Teachers Retirement System boosted its stake in CPB in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 326,750 shares of Campbell Soup Company which is valued at $19,814,120. Campbell Soup Company makes up approx 0.05% of New York State Teachers Retirement System’s portfolio. Benjamin F. Edwards Company added CPB to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $6,202. Kistler-tiffany Companies sold out all of its stake in CPB during the most recent quarter. The investment firm sold 164 shares of CPB which is valued $10,478.

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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