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.

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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: and their article: "JM Smucker Company (SJM) Ex-Dividend Date Scheduled for August 09, 2017" published on August 08, 2017 as well as'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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