Brandywine Trust Co Lowers stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Brandywine Trust Co reduced its stake in Campbell Soup Company by 14.29% during the most recent quarter end. The investment management company now holds a total of 899,352 shares of Campbell Soup Company which is valued at $54,824,498 after selling 150,000 shares in Campbell Soup Company , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Campbell Soup Company makes up approximately 37.44% of Brandywine Trust Co’s portfolio.

Other Hedge Funds, Including , Counsel Portfolio Services boosted its stake in CPB in the latest quarter, The investment management firm added 1,862 additional shares and now holds a total of 21,497 shares of Campbell Soup Company which is valued at $1,310,457. Campbell Soup Company makes up approx 0.13% of Counsel Portfolio Services’s portfolio. M&r Capital Management Inc added CPB to its portfolio by purchasing 3,060 company shares during the most recent quarter which is valued at $186,538. Campbell Soup Company makes up approx 0.05% of M&r Capital Management Inc’s portfolio.Confluence Wealth Management boosted its stake in CPB in the latest quarter, The investment management firm added 272 additional shares and now holds a total of 3,760 shares of Campbell Soup Company which is valued at $230,563. Campbell Soup Company makes up approx 0.11% of Confluence Wealth Management’s portfolio.Cambridge Investment Research Advisors reduced its stake in CPB by selling 1,166 shares or 7.48% in the most recent quarter. The Hedge Fund company now holds 14,419 shares of CPB which is valued at $884,173. Campbell Soup Company makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.

Campbell Soup Company opened for trading at $60.59 and hit $61.195 on the upside on Monday, eventually ending the session at $61.12, with a gain of 1.06% or 0.64 points. The heightened volatility saw the trading volume jump to 11,10,405 shares. Company has a market cap of $18,865 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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