Lbj Family Wealth Advisors Ltd. Lowers stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Lbj Family Wealth Advisors Ltd. reduced its stake in Campbell Soup Company by 0.01% during the most recent quarter end. The investment management company now holds a total of 18,446 shares of Campbell Soup Company which is valued at $991,288 after selling 1 shares in Campbell Soup Company , the firm said in a disclosure report filed with the SEC on Oct 3, 2016.Campbell Soup Company makes up approximately 1.17% of Lbj Family Wealth Advisors Ltd.’s portfolio.

Campbell Soup Company closed down -0.94 points or -1.72% at $53.65 with 26,48,555 shares getting traded on Tuesday. Post opening the session at $54.53, the shares hit an intraday low of $53.6 and an intraday high of $54.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Investors should note that on Sep 1, 2016, Campbell Soup Company announced a cash dividend of $0.3500. The company’s management has announced Oct 10, 2016 as the ex-dividend date and fixed the record date on Oct 12, 2016. The payable date has been fixed on Oct 31, 2016.

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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