Park Avenue Securities adds Campbell Soup Company (CPB) to its portfolio

Campbell Soup Company (CPB) : Park Avenue Securities added new position in Campbell Soup Company during the most recent quarter end. The investment management firm now holds 5,677 shares of Campbell Soup Company which is valued at $362,874 , the company said in a statement filed on May 2, 2016 with the SEC.Campbell Soup Company makes up approximately 0.07% of Park Avenue Securities’s portfolio.

Campbell Soup Company opened for trading at $63.07 and hit $63.92 on the upside on Friday, eventually ending the session at $63.92, with a gain of 1.36% or 0.86 points. The heightened volatility saw the trading volume jump to 14,76,116 shares. Company has a market cap of $19,761 M.

Other Hedge Funds, Including , Kornitzer Capital Management Inc Ks reduced its stake in CPB by selling 6,625 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 109,145 shares of CPB which is valued at $6,976,548. Campbell Soup Company makes up approx 0.13% of Kornitzer Capital Management Inc Ks’s portfolio.World Asset Management Inc reduced its stake in CPB by selling 2,192 shares or 11.07% in the most recent quarter. The Hedge Fund company now holds 17,618 shares of CPB which is valued at $1,087,207. Campbell Soup Company makes up approx 0.04% of World Asset Management Inc’s portfolio.Texas Permanent School Fund reduced its stake in CPB by selling 1,383 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 62,006 shares of CPB which is valued at $3,826,390. Campbell Soup Company makes up approx 0.05% of Texas Permanent School Fund’s portfolio.Advisory Services Network boosted its stake in CPB in the latest quarter, The investment management firm added 319 additional shares and now holds a total of 469 shares of Campbell Soup Company which is valued at $28,440. Campbell Soup Company makes up approx 0.01% of Advisory Services Network’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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