Bayesian Capital Management Lp adds J M Smucker Co (SJM) to its portfolio

J M Smucker Co (SJM) : Bayesian Capital Management Lp added new position in J M Smucker Co during the most recent quarter end. The investment management firm now holds 9,768 shares of J M Smucker Co which is valued at $1,492,843 , the company said in a statement filed on Aug 12, 2016 with the SEC.J M Smucker Co makes up approximately 0.84% of Bayesian Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Oliver Luxxe Assets reduced its stake in SJM by selling 664 shares or 4.64% in the most recent quarter. The Hedge Fund company now holds 13,640 shares of SJM which is valued at $2,084,601. J M Smucker Co makes up approx 1.71% of Oliver Luxxe Assets’s portfolio. Airain Ltd added SJM to its portfolio by purchasing 34,884 company shares during the most recent quarter which is valued at $5,415,043. J M Smucker Co makes up approx 0.31% of Airain Ltd’s portfolio.Spectrum Management Group boosted its stake in SJM in the latest quarter, The investment management firm added 9,380 additional shares and now holds a total of 9,530 shares of J M Smucker Co which is valued at $1,469,145. J M Smucker Co makes up approx 0.59% of Spectrum Management Group’s portfolio.

J M Smucker Co opened for trading at $139.4 and hit $141.93 on the upside on Monday, eventually ending the session at $141.49, with a gain of 1.81% or 2.51 points. The heightened volatility saw the trading volume jump to 9,70,858 shares. Company has a market cap of $16,473 M.

On the company’s financial health, J M Smucker Co reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $1.74. The company had revenue of $1815.80 million for the quarter, compared to analysts expectations of $1887.56 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on J M Smucker Co. J M Smucker Co was Downgraded by Jefferies to ” Hold” on Jun 10, 2016. Company shares were Reiterated by Deutsche Bank on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 152 from a previous price target of $143 .Company shares were Reiterated by Deutsche Bank on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $137 .

The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee U.S. Retail Consumer Foods U.S. Retail Pet Foods and International Foodservice and Natural Foods. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Company’s International Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Company’s principal consumer food and beverage products are coffee peanut butter fruit spreads shortening and oils baking mixes and ready-to-spread frostings canned milk flour and baking ingredients juices and beverages frozen sandwiches toppings syrups pickles condiments grain products and nut mix products. The Company’s pet products consist of dry and wet dog food dry and wet cat food dog snacks and cat snacks.

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