J M Smucker Co (SJM) : Polaris Capital Management scooped up 59,700 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 May 13, 2016. The investment management firm now holds a total of 161,500 shares of J M Smucker Co which is valued at $21.1 Million.J M Smucker Co makes up approximately 1.89% of Polaris Capital Management’s portfolio.
Other Hedge Funds, Including , Krilogy Financial added SJM to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $1,306.Smith Moore reduced its stake in SJM by selling 690 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 4,209 shares of SJM which is valued at $549,569. J M Smucker Co makes up approx 0.24% of Smith Moore’s portfolio.Buckingham Capital Management reduced its stake in SJM by selling 350 shares or 16.23% in the most recent quarter. The Hedge Fund company now holds 1,807 shares of SJM which is valued at $235,940. J M Smucker Co makes up approx 0.07% of Buckingham Capital Management’s portfolio. Lmr Partners Llp added SJM to its portfolio by purchasing 7,332 company shares during the most recent quarter which is valued at $947,808. J M Smucker Co makes up approx 0.14% of Lmr Partners Llp’s portfolio.
J M Smucker Co opened for trading at $129.11 and hit $129.74 on the upside on Wednesday, eventually ending the session at $128.79, with a gain of 0.67% or 0.86 points. The heightened volatility saw the trading volume jump to 5,65,217 shares. Company has a market cap of $15,414 M.
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 Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 26, 2016. 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.