Gotham Asset Management buys $67,933,699 stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Gotham Asset Management scooped up 100,643 additional shares in J M Smucker Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 444,505 shares of J M Smucker Co which is valued at $67,933,699.J M Smucker Co makes up approximately 0.77% of Gotham Asset Management’s portfolio.

Other Hedge Funds, Including , Orleans Capital Management Corpla reduced its stake in SJM by selling 130 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 11,291 shares of SJM which is valued at $1,725,604. J M Smucker Co makes up approx 1.19% of Orleans Capital Management Corpla’s portfolio.Formidable Asset Management boosted its stake in SJM in the latest quarter, The investment management firm added 1,046 additional shares and now holds a total of 1,440 shares of J M Smucker Co which is valued at $220,075. J M Smucker Co makes up approx 0.12% of Formidable Asset Management’s portfolio. Cable Hill Partners added SJM to its portfolio by purchasing 128 company shares during the most recent quarter which is valued at $19,562. J M Smucker Co makes up approx 0.01% of Cable Hill Partners’s portfolio.California Public Employees Retirement System reduced its stake in SJM by selling 11,200 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 299,550 shares of SJM which is valued at $45,762,254. J M Smucker Co makes up approx 0.07% of California Public Employees Retirement System’s portfolio.First Niagara Bank reduced its stake in SJM by selling 537 shares or 4.97% in the most recent quarter. The Hedge Fund company now holds 10,277 shares of SJM which is valued at $1,559,432. J M Smucker Co makes up approx 0.44% of First Niagara Bank’s portfolio.

J M Smucker Co closed down -1.13 points or -0.80% at $140.66 with 11,40,153 shares getting traded on Thursday. Post opening the session at $141.23, the shares hit an intraday low of $140.055 and an intraday high of $141.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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