Affinity Investment Advisors buys $21,035,914 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Affinity Investment Advisors scooped up 43,575 additional shares in Campbell Soup Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 344,343 shares of Campbell Soup Company which is valued at $21,035,914.Campbell Soup Company makes up approximately 1.50% of Affinity Investment Advisors’s portfolio.

Other Hedge Funds, Including , Blair William Coil reduced its stake in CPB by selling 4,791 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 38,963 shares of CPB which is valued at $2,380,250. Campbell Soup Company makes up approx 0.02% of Blair William Coil’s portfolio.Mutual Of America Capital Management reduced its stake in CPB by selling 1,294 shares or 5.8% in the most recent quarter. The Hedge Fund company now holds 21,022 shares of CPB which is valued at $1,279,609. Campbell Soup Company makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.

Campbell Soup Company opened for trading at $60.07 and hit $60.5 on the upside on Wednesday, eventually ending the session at $60.43, with a gain of 0.50% or 0.3 points. The heightened volatility saw the trading volume jump to 14,69,571 shares. Company has a market cap of $18,652 M.

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.

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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