J M Smucker Co (SJM) : Madison Investment Holdings Inc reduced its stake in J M Smucker Co by 1.47% during the most recent quarter end. The investment management company now holds a total of 667,438 shares of J M Smucker Co which is valued at $87.1 Million after selling 9,938 shares in J M Smucker Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.J M Smucker Co makes up approximately 1.85% of Madison Investment Holdings Inc’s portfolio.
Other Hedge Funds, Including , Alpine Partners Vi sold out all of its stake in SJM during the most recent quarter. The investment firm sold 16,024 shares of SJM which is valued $2.1 Million.Comerica Bank reduced its stake in SJM by selling 945 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 44,082 shares of SJM which is valued at $5.8 Million. J M Smucker Co makes up approx 0.05% of Comerica Bank’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in SJM in the latest quarter, The investment management firm added 632 additional shares and now holds a total of 10,259 shares of J M Smucker Co which is valued at $1.3 Million. J M Smucker Co makes up approx 0.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.United Capital Financial Advisers boosted its stake in SJM in the latest quarter, The investment management firm added 7,295 additional shares and now holds a total of 76,596 shares of J M Smucker Co which is valued at $10 Million. J M Smucker Co makes up approx 0.11% of United Capital Financial Advisers’s portfolio.Ingalls Snyder reduced its stake in SJM by selling 8,477 shares or 23.25% in the most recent quarter. The Hedge Fund company now holds 27,976 shares of SJM which is valued at $3.6 Million. J M Smucker Co makes up approx 0.22% of Ingalls Snyder’s portfolio.
J M Smucker Co closed down -0.48 points or -0.38% at $126.6 with 5,17,762 shares getting traded on Friday. Post opening the session at $127.74, the shares hit an intraday low of $126.32 and an intraday high of $127.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, J M Smucker Co reported $1.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $1.64. The company had revenue of $1973.90 million for the quarter, compared to analysts expectations of $2042.75 million. The company’s revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.
Many Wall Street Analysts have commented on J M Smucker Co. J M Smucker Co was Downgraded by Goldman to ” Sell” on Apr 4, 2016.
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.