Trexquant Investment LP Decreased Stake in Campbell Soup Co (CPB) by $3.01 Million; Shares Declined

June 26, 2018 - By Alex Paulin

Campbell Soup Company (NYSE:CPB) Corporate LogoDuring Q1 2018 the big money sentiment increased to 1.25. That’s change of 0.19, from 2017Q4’s 1.06. 43 investors sold all, 137 reduced holdings as CPB ratio is positive. 161 rose holdings while 64 funds acquired holdings. Funds hold 142.87 million shares thus 2.90% less from 2017Q4’s 147.14 million shares. Destination Wealth has 90,999 shs. Tower Rech Capital Lc (Trc) holds 0% or 400 shs. Town & Country Fincl Bank Dba First Bankers Trust invested in 0.15% or 6,780 shs. Mufg Americas Corp has invested 0% in Campbell Soup Company (NYSE:CPB). Sequent Asset Ltd Liability Corp stated it has 0.67% of its capital in Campbell Soup Company (NYSE:CPB). 132,933 are owned by Tocqueville Asset Mgmt L P. Bnp Paribas Asset Management Holdg Sa invested 0.01% of its capital in Campbell Soup Company (NYSE:CPB). Mackay Shields Limited Liability has 32,372 shs for 0.01% of their capital. Amica Retiree Tru reported 0.05% stake. 11,573 were reported by Hightower Advsr Limited Company. Cipher LP holds 0.09% or 17,273 shs. Teacher Retirement Systems Of Texas holds 39,960 shs or 0.01% of its capital. 93 were accumulated by Gemmer Asset Management Limited Company. Armistice Capital Lc accumulated 628,000 shs or 2.08% of the stock. 41,823 are owned by Neuberger Berman Grp Inc Ltd Company.

CPB registered $266,782 net activity with 2 buys and 0 selling transactions since February 21, 2018. Another trade for 2,000 shs valued at $66,431 was made by Hilado Maria Teresa on Wednesday, June 6.

According to 2018Q1 Securities and Exchange filling the Trexquant Investment Lp decreased its stake in Campbell Soup Co (CPB) by 93.05%. By selling 69,942 shares Trexquant Investment Lp made the stock sank with 22.02%. The packaged foods company reported $226,000 value for the 2018Q1. Now the institutional investor is holding 5,227 shares, compared to the 75,169 from the previous quarter. Campbell Soup Co has $12.56 billion MC. CPB touched $41.78 during the last trading session after $0.45 change.Campbell Soup Company has 5.34 million shares volume, 8.41% up from normal. CPB is downtrending and has moved 41.19% since June 26, 2017. The stock underperformed the S&P500 by 53.76%.

Trexquant Investment Lp increased its stake in Mcdermott Intl Inc (NYSE:MDR) by 537,711 shares to 566,032 shares, valued at $3.45M in 2018Q1, according to the filing. It manages about $105.00M and $1.43 billion US Long portfolio. For a total of 52,979 shares it increased its holding in Sina Corp (NASDAQ:SINA) by 41,904 shares in the quarter, and has risen its stake in Fidelity Natl Information Sv (NYSE:FIS).

Campbell Soup Company (NYSE:CPB)’s earnings report is anticipated by WallStreet on August, 30, Zacks reports. Analysts forecast $0.30 earnings per share, which is $0.22 down or 42.31 % from 2017’s $0.52 earnings per share. If $0.30 is reported, CPB’s profit will be $90.19 million for 34.82 P/E. After $0.70 EPS report previous quarter, Wall Street now predicts -57.14 % negative EPS growth of Campbell Soup Company.

For more Campbell Soup Company (NYSE:CPB) news posted briefly go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Investorplace.com or Seekingalpha.com. The titles are as follows: “Why Campbell Soup, Gray Television, and Boardwalk Pipeline Partners Jumped Today” posted on June 25, 2018, “Campbell Soup: Cyclical Value Or Falling Knife?” on May 31, 2018, “Campbell Soup: Strong Headwinds Ahead” with a publish date: June 14, 2018, “3 Big Stock Charts for Tuesday: Bank of America, American Express and Marsh & McLennan” and the last “Report: Kraft Heinz interested in Campbell Soup buyout” with publication date: June 23, 2018.

Campbell Soup Company (NYSE:CPB) Ratings Coverage

In total 9 analysts cover Campbell Soup (NYSE:CPB). “Buy” rating has 2, “Sell” are 5, while 2 are “Hold”. (NYSE:CPB) has 22% bullish analysts. With $57.0 highest and $30 lowest target, Campbell Soup has $41.89 average target or 0.26% above the current ($41.78) price. 12 are the (NYSE:CPB)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. On Thursday, March 1 PiperJaffray downgraded Campbell Soup Company (NYSE:CPB) to “Underweight” rating. On Monday, May 21 the firm earned “Hold” rating by Stifel Nicolaus. On Tuesday, February 20 the stock of Campbell Soup Company (NYSE:CPB) has “Overweight” rating given by JP Morgan. On Thursday, February 22 the rating was maintained by RBC Capital Markets with “Hold”. On Tuesday, May 22 the rating was maintained by Bernstein with “Sell”. On Tuesday, January 16 the company was upgraded by Citigroup. On Monday, May 21 Barclays Capital maintained Campbell Soup Company (NYSE:CPB) rating. Barclays Capital has “Underweight” rating and $33 target. In Monday, May 21 report Bank of America downgraded it to “Sell” rating and $3100 target. On Monday, May 21 Credit Suisse maintained Campbell Soup Company (NYSE:CPB) rating. Credit Suisse has “Underperform” rating and $30 target. On Monday, April 16 Credit Suisse maintained Campbell Soup Company (NYSE:CPB) with “Underperform” rating.

Campbell Soup Company (NYSE:CPB) Institutional Investors Chart

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