Farmers Trust Co buys $6,389,066 stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Farmers Trust Co scooped up 21,741 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 Oct 17, 2016. The investment management firm now holds a total of 47,851 shares of J M Smucker Co which is valued at $6,389,066.J M Smucker Co makes up approximately 2.24% of Farmers Trust Co’s portfolio.

Other Hedge Funds, Including , Gavekal Capital added SJM to its portfolio by purchasing 63,092 company shares during the most recent quarter which is valued at $8,424,044. J M Smucker Co makes up approx 2.88% of Gavekal Capital’s portfolio.Stock Yards Bank Trust Co reduced its stake in SJM by selling 15,802 shares or 14.69% in the most recent quarter. The Hedge Fund company now holds 91,789 shares of SJM which is valued at $12,255,667. J M Smucker Co makes up approx 1.69% of Stock Yards Bank Trust Co’s portfolio.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.Oregon Public Employees Retirement Fund boosted its stake in SJM in the latest quarter, The investment management firm added 10,733 additional shares and now holds a total of 32,550 shares of J M Smucker Co which is valued at $4,374,720. J M Smucker Co makes up approx 0.09% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in SJM in the latest quarter, The investment management firm added 733 additional shares and now holds a total of 734 shares of J M Smucker Co which is valued at $97,578. J M Smucker Co makes up approx 0.02% of Advisory Services Network’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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