Affinity Investment Advisors adds Campbell Soup Company (CPB) to its portfolio

Campbell Soup Company (CPB) : Affinity Investment Advisors added new position in Campbell Soup Company during the most recent quarter end. The investment management firm now holds 300,768 shares of Campbell Soup Company which is valued at $19.9 Million , the company said in a statement filed on May 12, 2016 with the SEC.Campbell Soup Company makes up approximately 1.77% of Affinity Investment Advisors’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in CPB in the latest quarter, The investment management firm added 581 additional shares and now holds a total of 32,365 shares of Campbell Soup Company which is valued at $2.1 Million. Campbell Soup Company makes up approx 0.02% of Cibc Asset Management Inc’s portfolio. First Midwest Bank Trust Division added CPB to its portfolio by purchasing 3,365 company shares during the most recent quarter which is valued at $207,654. Campbell Soup Company makes up approx 0.03% of First Midwest Bank Trust Division’s portfolio.

Campbell Soup Company closed down -4.08 points or -6.38% at $59.9 with 85,74,909 shares getting traded on Friday. Post opening the session at $61.15, the shares hit an intraday low of $59.51 and an intraday high of $62.2 and the price fluctuated in this range throughout the day.Shares ended Friday 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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