Waldron Lp buys $2,661,649 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Waldron Lp scooped up 2,861 additional shares in Campbell Soup Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 40,267 shares of Campbell Soup Company which is valued at $2,661,649.Campbell Soup Company makes up approximately 1.10% of Waldron Lp’s portfolio.

Other Hedge Funds, Including , Eos Management sold out all of its stake in CPB during the most recent quarter. The investment firm sold 18,668 shares of CPB which is valued $1,233,955.Schwab Charles Investment Management Inc reduced its stake in CPB by selling 14,919 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 614,319 shares of CPB which is valued at $39,267,270. Campbell Soup Company makes up approx 0.05% of Schwab Charles Investment Management Inc’s portfolio. Confluence Wealth Management added CPB to its portfolio by purchasing 3,488 company shares during the most recent quarter which is valued at $215,244. Campbell Soup Company makes up approx 0.10% of Confluence Wealth Management’s portfolio.Sequent Asset Management reduced its stake in CPB by selling 13,286 shares or 39.82% in the most recent quarter. The Hedge Fund company now holds 20,079 shares of CPB which is valued at $1,239,075. Campbell Soup Company makes up approx 0.83% of Sequent Asset Management’s portfolio.

Campbell Soup Company closed down -0.4 points or -0.60% at $66.1 with 14,19,128 shares getting traded on Friday. Post opening the session at $66.4, the shares hit an intraday low of $65.7 and an intraday high of $66.56 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 $0.87 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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