Bridgeway Capital Management Inc buys $48,365,664 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Bridgeway Capital Management Inc scooped up 397,500 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 15, 2016. The investment management firm now holds a total of 793,400 shares of Campbell Soup Company which is valued at $48,365,664.Campbell Soup Company makes up approximately 0.72% of Bridgeway Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co boosted its stake in CPB in the latest quarter, The investment management firm added 113,809 additional shares and now holds a total of 137,714 shares of Campbell Soup Company which is valued at $8,395,045. Campbell Soup Company makes up approx 0.32% of Paloma Partners Management Co’s portfolio. Cornercap Investment Counsel Inc added CPB to its portfolio by purchasing 53,670 company shares during the most recent quarter which is valued at $3,271,723. Campbell Soup Company makes up approx 0.59% of Cornercap Investment Counsel Inc’s portfolio.Credit Suisse Ag reduced its stake in CPB by selling 26,614 shares or 4.3% in the most recent quarter. The Hedge Fund company now holds 592,672 shares of CPB which is valued at $36,129,285. Campbell Soup Company makes up approx 0.04% of Credit Suisse Ag’s portfolio.Diam Ltd. boosted its stake in CPB in the latest quarter, The investment management firm added 5,928 additional shares and now holds a total of 23,884 shares of Campbell Soup Company which is valued at $1,453,819. Campbell Soup Company makes up approx 0.02% of Diam Ltd.’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 -3.81 points or -6.27% at $56.91 with 79,31,620 shares getting traded on Thursday. Post opening the session at $57.67, the shares hit an intraday low of $56.67 and an intraday high of $58.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on Campbell Soup Company. 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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