BTIM Corp. Acquires Shares of 2156 JM Smucker Company (The) (NYSE:SJM)

Paterniano Del Favero
Agosto 13, 2017

Schnieders Capital Management LLC purchased a new position in shares of J.M. Smucker Company (The) during the first quarter valued at about $217,000. Its position was valued at $201,918,000 a decrease of 7.6% as of quarter end.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 8th. Gateway Investment Advisers LLC now owns 7,168 shares of the company's stock valued at $848,000 after buying an additional 26 shares during the period. Creative Planning raised its stake in shares of J.M. Smucker Company (The) by 12.9% in the first quarter. Capital Returns Management Llc owns 1.47 million shares or 6.37% of their USA portfolio. Advisory Services Network LLC purchased a new position in shares of J.M. Smucker Company (The) during the first quarter valued at about $221,000. Somerset Trust Co now owns 10,824 shares of the company's stock worth $1,418,000 after buying an additional 207 shares during the period. Quadrature Capital Ltd purchased a new stake in J.M. Smucker Company (The) during the fourth quarter valued at approximately $726,000. The company has market cap of $3.25 billion. The stock rose 0.77% or $0.94 reaching $122.66 per share. J.M. Smucker Company has a 12 month low of $114.31 and a 12 month high of $156.23.

It is now trading at $122.28 just above $119.18, the stock's 50 day moving average and impressively lower than the 200 day moving average of $128.73. Company has a valuation of $13.87 B, a PE book ratio of 23.98 along with a stock beta of 0.62. About shares traded. J M Smucker Co (NYSE:SJM) has declined 0.84% since August 11, 2016 and is downtrending. J.M. Smucker Company (The)'s quarterly revenue was down 1.3% on a year-over-year basis. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The expected SJM's profit could reach $189.34M giving the stock 18.22 P/E in the case that $1.67 earnings per share is reported. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.08. J.M. Smucker Company (The)'s revenue was down 1.3% compared to the same quarter previous year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.55%. Moreover, Putnam Lc has 0.38% invested in J M Smucker Co (NYSE:SJM). The ex-dividend date will be Wednesday the 9th of August 2017.

The J.M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America.

ILLEGAL ACTIVITY NOTICE: "J.M. Smucker Company (The) (SJM) Stake Maintained by Probity Advisors Inc." was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and global copyright laws. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/08/12/foster-dykema-cabot-co-inc-ma-holds-position-in-j-m-smucker-company-the-nysesjm.html.

Several equities research analysts have recently commented on SJM shares. The stock of J M Smucker Co (NYSE:SJM) has "Hold" rating given on Friday, June 10 by Jefferies. The stock of J M Smucker Co (NYSE:SJM) has "Sell" rating given on Monday, June 20 by JP Morgan. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a "hold" rating to a "buy" rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Friday, July 28th. Finally, Susquehanna Bancshares Inc reiterated a "neutral" rating and issued a $132.00 price objective (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, April 25th. More interesting news about J M Smucker Co (NYSE:SJM) were released by: Nasdaq.com and their article: "JM Smucker Company (SJM) Ex-Dividend Date Scheduled for August 09, 2017" published on August 08, 2017 as well as Nasdaq.com's news article titled: "Somerville Kurt F Buys JM Smucker Co, Analog Devices Inc, Fortive Corp, Sells ..." with publication date: July 26, 2017. Out of 3 Wall Street analysts rating Acxiom, 2 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". J.M. Smucker Company (The) now has a consensus rating of "Hold" and an average price target of $132.82.

In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the company's stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $121.32, for a total value of $1,144,411.56. Mn Services Vermogensbeheer B.V. now owns 3,105 shares of the company's stock valued at $381,000 after buying an additional 37 shares during the period. Also, SVP Jill R. Penrose sold 550 shares of the company's stock in a transaction on Wednesday, June 28th. Following the sale, the senior vice president now owns 13,475 shares of the company's stock, valued at approximately $1,618,212.75. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock worth $1,948,195 over the last ninety days.

The Company's USA retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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