Is Campbell Soup Company (NYSE:CPB) a good investment?
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What’s more, let’s examine the newest info surrounding Campbell Soup Company (NYSE:CPB).
What does the smart money think about Campbell Soup Company (NYSE:CPB)?
At Q2’s end, a total of 20 of the hedge funds we track were bullish in this stock, a change of 25% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of key hedge fund managers who were upping their stakes considerably.
As one would understandably expect, particular hedge funds were breaking ground themselves. Renaissance Technologies, managed by Jim Simons, initiated the biggest position in Campbell Soup Company (NYSE:CPB). Renaissance Technologies had 123.2 million invested in the company at the end of the quarter. David Harding’s Winton Capital Management also made a $44.7 million investment in the stock during the quarter. The other funds with new positions in the stock are Mario Gabelli’s GAMCO Investors, Mark Kingdon’s Kingdon Capital, and Ken Fisher’s Fisher Asset Management.
Insider trading activity in Campbell Soup Company (NYSE:CPB)
Insider buying is best served when the primary stock in question has experienced transactions within the past 180 days. Over the latest six-month time frame, Campbell Soup Company (NYSE:CPB) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll check out the relationship between both of these indicators in other stocks similar to Campbell Soup Company (NYSE:CPB). These stocks are Kellogg Company (NYSE:K), McCormick & Company, Incorporated (NYSE:MKC), The J.M. Smucker Company (NYSE:SJM), Mead Johnson Nutrition CO (NYSE:MJN), and ConAgra Foods, Inc. (NYSE:CAG). This group of stocks are in the processed & packaged goods industry and their market caps match CPB’s market cap.
