J M Smucker Co (SJM) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Jun 10, 2016.
Many Wall Street Analysts have commented on J M Smucker Co. 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 .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.
On the company’s financial health, J M Smucker Co reported $1.19 EPS for the quarter, based on the information available during the earnings call on Jun 9, 2016. Analyst had a consensus estimate of $1.19. The company had revenue of $1808.00 million for the quarter, compared to analysts expectations of $1745.44 million. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.
J M Smucker Co opened for trading at $139 and hit $143.8199 on the upside on Thursday, eventually ending the session at $143.23, with a gain of 7.93% or 10.52 points. The heightened volatility saw the trading volume jump to 36,81,466 shares. Company has a market cap of $17,142 M.
In a different news, on Apr 18, 2016, John W Denman (Vice President, HR Operations) sold 250 shares at $127.55 per share price. According to the SEC, on Mar 30, 2016, Jill R Penrose (Vice President) sold 652 shares at $130.11 per share price. On Nov 20, 2015, David J Lemmon (Vice President) sold 1,062 shares at $120.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.