Pennsylvania Trust Co Lowers stake in Campbell Soup Company (CPB)

Campbell Soup Company (CPB) : Pennsylvania Trust Co reduced its stake in Campbell Soup Company by 8.24% during the most recent quarter end. The investment management company now holds a total of 12,525 shares of Campbell Soup Company which is valued at $680,483 after selling 1,125 shares in Campbell Soup Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Campbell Soup Company makes up approximately 0.06% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CPB in the latest quarter, The investment management firm added 2,949 additional shares and now holds a total of 36,479 shares of Campbell Soup Company which is valued at $1,981,904. Campbell Soup Company makes up approx 0.04% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Legal General Group Plc boosted its stake in CPB in the latest quarter, The investment management firm added 8,374 additional shares and now holds a total of 929,693 shares of Campbell Soup Company which is valued at $50,063,968. Campbell Soup Company makes up approx 0.05% of Legal General Group Plc’s portfolio. Contravisory Investment Management added CPB to its portfolio by purchasing 271 company shares during the most recent quarter which is valued at $14,675.Cutler Group Lp boosted its stake in CPB in the latest quarter, The investment management firm added 6,347 additional shares and now holds a total of 9,147 shares of Campbell Soup Company which is valued at $495,310. Campbell Soup Company makes up approx 0.03% of Cutler Group Lp’s portfolio. Independence Advisors added CPB to its portfolio by purchasing 24,798 company shares during the most recent quarter which is valued at $1,335,868. Campbell Soup Company makes up approx 0.63% of Independence Advisors’s portfolio.

Campbell Soup Company closed down -0.53 points or -0.97% at $54.33 with 20,73,314 shares getting traded on Friday. Post opening the session at $54.86, the shares hit an intraday low of $54.33 and an intraday high of $55.01 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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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