J.M. Smucker Company (The) (SJM) has risen sharply, recording gains of 0.05% in the past 4 weeks. However, the stock has corrected -1.55% in the past 1 week, providing a good buying opportunity on dips. J.M. Smucker Company (The) (SJM) : During the past 4 weeks, traders have been relatively bearish on J.M. Smucker Company (The) (SJM), hence the stock is down -0.98% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.6% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 3.22%. J.M. Smucker Company (The) (NYSE:SJM): On Fridays trading session , Opening price of the stock was $153.01 with an intraday high of $153.36. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $152.5401. However, the stock managed to close at $152.83, a loss of 0.02% for the day. On the previous day, the stock had closed at $152.86. The total traded volume of the day was 841,309 shares.
The company Insiders own 3.5% of J.M. Smucker Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.58% . Institutional Investors own 74% of J.M. Smucker Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -6.55%. Also, JP Morgan maintains its view on J.M. Smucker Company (The) (NYSE:SJM) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. JP Morgan raises the price target from $122 per share to $128 per share on J.M. Smucker Company (The). The rating by the firm was issued on June 20, 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 Companys U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America. The Companys International, Foodservice and Natural Foods segment represents sales outside of the U.S. retail market segments. The Companys 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 Companys pet products consist of dry and wet dog food, dry and wet cat food, dog snacks and cat snacks.