Btr Capital Management Inc Lowers stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Btr Capital Management Inc reduced its stake in J M Smucker Co by 54.67% during the most recent quarter end. The investment management company now holds a total of 3,400 shares of J M Smucker Co which is valued at $453,968 after selling 4,100 shares in J M Smucker Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.J M Smucker Co makes up approximately 0.10% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in SJM in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 34,856 shares of J M Smucker Co which is valued at $4,667,916. J M Smucker Co makes up approx 0.08% of Gulf International Bank (uk) Ltd’s portfolio. Fox Run Management L.l.c. added SJM to its portfolio by purchasing 2,400 company shares during the most recent quarter which is valued at $317,208. J M Smucker Co makes up approx 0.19% of Fox Run Management L.l.c.’s portfolio.

J M Smucker Co closed down -0.4 points or -0.30% at $133.52 with 4,32,038 shares getting traded on Friday. Post opening the session at $133.97, the shares hit an intraday low of $133.33 and an intraday high of $134.4594 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 $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $1.74. The company had revenue of $1815.80 million for the quarter, compared to analysts expectations of $1887.56 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on J M Smucker Co. J M Smucker Co was Downgraded by Credit Suisse to ” Neutral” on Sep 27, 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.

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