Managed Asset Portfolios buys $10,613,739 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Managed Asset Portfolios scooped up 12,850 additional shares in Campbell Soup Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 194,819 shares of Campbell Soup Company which is valued at $10,613,739.Campbell Soup Company makes up approximately 4.44% of Managed Asset Portfolios’s portfolio.

Other Hedge Funds, Including , Korea Investment Corp reduced its stake in CPB by selling 27,500 shares or 14.81% in the most recent quarter. The Hedge Fund company now holds 158,200 shares of CPB which is valued at $8,694,672. Campbell Soup Company makes up approx 0.05% of Korea Investment Corp’s portfolio.Blackrock Investment Management boosted its stake in CPB in the latest quarter, The investment management firm added 19,086 additional shares and now holds a total of 397,910 shares of Campbell Soup Company which is valued at $21,427,454. Campbell Soup Company makes up approx 0.03% of Blackrock Investment Management’s portfolio.Aperio Group reduced its stake in CPB by selling 21,862 shares or 15.44% in the most recent quarter. The Hedge Fund company now holds 119,775 shares of CPB which is valued at $6,336,098. Campbell Soup Company makes up approx 0.05% of Aperio Group’s portfolio.

Campbell Soup Company opened for trading at $54.09 and hit $54.35 on the upside on Monday, eventually ending the session at $54.23, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 33,88,548 shares. Company has a market cap of $16,678 M.

On the company’s financial health, Campbell Soup Company reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus of $0.50. The company had revenue of $1687.00 million for the quarter, compared to analysts expectations of $1694.54 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

Investors should note that on Nov 17, 2016, Campbell Soup Company announced a cash dividend of $0.3500. The company’s management has announced Jan 9, 2017 as the ex-dividend date and fixed the record date on Jan 11, 2017. The payable date has been fixed on Jan 30, 2017.

Many Wall Street Analysts have commented on Campbell Soup Company. Campbell Soup Company was Downgraded by Argus to ” Hold” on Sep 19, 2016. Shares were Reiterated by UBS on Sep 2, 2016 to “Sell” and Lowered the Price Target to $ 51 from a previous price target of $52 .Shares were Reiterated by RBC Capital Mkts on Sep 2, 2016 to “Sector Perform” and Lowered the Price Target to $ 58 from a previous price target of $62 .

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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