Which Direction is The JM Smucker Company Headed? Update on the Shares

Paterniano Del Favero
Agosto 5, 2017

SJM has been the topic of a number of recent research reports. Gateway Investment Advisers LLC raised its position in J.M. Smucker Company (The) by 0.4% in the second quarter. Brown Brothers Harriman & reported 0% in J M Smucker Co (NYSE:SJM). The company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The)'s dividend payout ratio is now 58.82%. The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. The firm has "Equal-Weight" rating by Stephens given on Wednesday, July 19. RBC Capital Markets maintained the shares of ANTM in report on Thursday, April 27 with "Outperform" rating. Morgan Stanley restated an "underweight" rating and issued a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. The stock of J M Smucker Co (NYSE:SJM) earned "Hold" rating by Susquehanna on Wednesday, May 31. Finally, Credit Suisse Group restated a "hold" rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. State Of Tennessee Treasury Department holds 0.2% of its portfolio in J M Smucker Co (NYSE:SJM) for 292,603 shares. Director Sandra Pianalto bought 250 shares at an average price of $120.61 on June 27th. The shares were sold at an average price of $121.32, for a total value of $1,144,411.56. Following the sale, the insider now owns 40,966 shares of the company's stock, valued at approximately $4,969,995.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The firm has "Sell" rating by JP Morgan given on Monday, June 20. The shares were acquired at an average price of $120.61 per share, for a total transaction of $30,152.50.

Henderson Group Plc increased Hess Corp (NYSE:HES) stake by 75,794 shares to 250,726 valued at $15.62 million in 2016Q4. The disclosure for this purchase can be found here.

J.M. Smucker Company (The) New shares had a trading volume of 568K in the last trading session. Moreover, New Century Advsrs Ltd Limited Liability Company has 1.98% invested in Apple Inc.

Several institutional investors have recently added to or reduced their stakes in SJM. Quadrature Capital Ltd bought a new stake in J.M. Smucker Company (The) during the fourth quarter valued at approximately $726,000. Chartwell Investment Partners, LLC cut its position by selling 3,245 shares a decrease of 16.6%. Finally, Mn Services Vermogensbeheer B.V. raised its position in J.M. Smucker Company (The) by 1.2% in the first quarter. The institutional investor held 11,119 shares of the computer manufacturing company at the end of 2016Q4, valued at $1.29M, up from 7,314 at the end of the previous reported quarter. Thrivent Financial for Lutherans increased its stake in J.M. Smucker Company (The) by 5.4% in the fourth quarter. State Street Corp now owns 5,446,418 shares of the company's stock worth $713,916,000 after buying an additional 115,471 shares in the last quarter. Cognios Capital Llc, a Kansas-based fund reported 197,905 shares. BlackRock Inc. now owns 7,583,056 shares of the company's stock worth $993,987,000 after buying an additional 7,330,233 shares during the last quarter. Uss Limited holds 0.27% of its portfolio in J M Smucker Co (NYSE:SJM) for 139,900 shares. Company Retail Bank reported 22,001 shares. J.M. Smucker Company has a 12-month low of $114.31 and a 12-month high of $157.31. The company has a market capitalization of $13.78 billion, a PE ratio of 23.82 and a beta of 0.62. The firm's 50-day moving average price is $119.86 and its 200-day moving average price is $129.22. Investors of record on Friday, August 11th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, August 9th.

Aetna Inc. (NYSE:AET) tinted gains of +2.46% (+3.8 points) to US$158.54.

More notable recent J M Smucker Co (NYSE:SJM) news were published by: Seekingalpha.com which released: "JM Smucker: Still In A Jam?" on July 12, 2017, also Seekingalpha.com with their article: "Smucker Remains A Top Pick In Consumer Staples" published on July 10, 2017, Prnewswire.com published: "The JM Smucker Company Announces Dividend Increase" on July 19, 2017. J.M. Smucker Company (The)'s payout ratio is 58.82%. Barclays Capital maintained Ally Financial Inc (NYSE:ALLY) rating on Tuesday, January 3. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation.

The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Business's segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and global and Foodservice.

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