Canal Insurance Co Lowers stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Canal Insurance Co reduced its stake in Campbell Soup Company by 7.46% during the most recent quarter end. The investment management company now holds a total of 31,000 shares of Campbell Soup Company which is valued at $1,893,790 after selling 2,500 shares in Campbell Soup Company , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Campbell Soup Company makes up approximately 0.61% of Canal Insurance Co’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management added CPB to its portfolio by purchasing 4,090 company shares during the most recent quarter which is valued at $249,858. Princeton Alpha Management Lp added CPB to its portfolio by purchasing 7,958 company shares during the most recent quarter which is valued at $487,985. Campbell Soup Company makes up approx 0.08% of Princeton Alpha Management Lp’s portfolio.Jackson Grant Investment Advisers boosted its stake in CPB in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 201 shares of Campbell Soup Company which is valued at $12,325. Campbell Soup Company makes up approx 0.01% of Jackson Grant Investment Advisers’s portfolio.Herndon Capital Management boosted its stake in CPB in the latest quarter, The investment management firm added 82,303 additional shares and now holds a total of 878,282 shares of Campbell Soup Company which is valued at $54,690,620. Campbell Soup Company makes up approx 2.00% of Herndon Capital Management’s portfolio.Hartford Investment Management Co boosted its stake in CPB in the latest quarter, The investment management firm added 1,870 additional shares and now holds a total of 59,668 shares of Campbell Soup Company which is valued at $3,781,758. Campbell Soup Company makes up approx 0.08% of Hartford Investment Management Co’s portfolio.

Campbell Soup Company closed down -0.35 points or -0.57% at $60.61 with 11,73,296 shares getting traded on Monday. Post opening the session at $60.9, the shares hit an intraday low of $60.445 and an intraday high of $61.03 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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