Mckinley Carter Wealth Services buys $1,455,889 stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Mckinley Carter Wealth Services scooped up 9,128 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 1, 2016. The investment management firm now holds a total of 23,918 shares of Campbell Soup Company which is valued at $1,455,889.Campbell Soup Company makes up approximately 0.74% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Tradelink Capital sold out all of its stake in CPB during the most recent quarter. The investment firm sold 7,758 shares of CPB which is valued $472,229.Shinko Asset Management Ltd. reduced its stake in CPB by selling 1,500 shares or 29.84% in the most recent quarter. The Hedge Fund company now holds 3,526 shares of CPB which is valued at $223,478.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. Id Management As added CPB to its portfolio by purchasing 4,490 company shares during the most recent quarter which is valued at $298,899. Campbell Soup Company makes up approx 0.09% of Id Management As’s portfolio.Chevy Chase Trust Holdings reduced its stake in CPB by selling 75,073 shares or 32.49% in the most recent quarter. The Hedge Fund company now holds 156,010 shares of CPB which is valued at $10,468,271. Campbell Soup Company makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.

Campbell Soup Company opened for trading at $60.9 and hit $61.41 on the upside on Thursday, eventually ending the session at $61.12, with a gain of 0.41% or 0.25 points. The heightened volatility saw the trading volume jump to 20,77,053 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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