Ownership Capital B.v. buys $55,292,083 stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Ownership Capital B.v. scooped up 47,638 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 Jul 26, 2016. The investment management firm now holds a total of 364,387 shares of J M Smucker Co which is valued at $55,292,083.J M Smucker Co makes up approximately 8.41% of Ownership Capital B.v.’s portfolio.

Other Hedge Funds, Including , Hl Financial Services reduced its stake in SJM by selling 4,118 shares or 23.78% in the most recent quarter. The Hedge Fund company now holds 13,201 shares of SJM which is valued at $2,003,120. J M Smucker Co makes up approx 0.05% of Hl Financial Services’s portfolio.State Of Alaska Department Of Revenue boosted its stake in SJM in the latest quarter, The investment management firm added 898 additional shares and now holds a total of 13,944 shares of J M Smucker Co which is valued at $2,124,926. J M Smucker Co makes up approx 0.22% of State Of Alaska Department Of Revenue’s portfolio.Coastline Trust Co reduced its stake in SJM by selling 140 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of SJM which is valued at $411,453. J M Smucker Co makes up approx 0.08% of Coastline Trust Co’s portfolio.Somerset Trust Co boosted its stake in SJM in the latest quarter, The investment management firm added 346 additional shares and now holds a total of 10,186 shares of J M Smucker Co which is valued at $1,555,198. J M Smucker Co makes up approx 0.93% of Somerset Trust Co’s portfolio.

J M Smucker Co opened for trading at $152.31 and hit $154.49 on the upside on Friday, eventually ending the session at $154.16, with a gain of 1.19% or 1.81 points. The heightened volatility saw the trading volume jump to 9,97,621 shares. Company has a market cap of $17,948 M.

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.

Investors should note that on Jul 13, 2016, J M Smucker Co announced a cash dividend of $0.7500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.

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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