Oliver Luxxe Assets Exits Position in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Oliver Luxxe Assets has sold out all of its stake in J M Smucker Co during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 13,640 shares of J M Smucker Co which is valued at $1,813,302.

Other Hedge Funds, Including , 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.Burns J W Co Incny boosted its stake in SJM in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 34,597 shares of J M Smucker Co which is valued at $4,604,861. J M Smucker Co makes up approx 1.43% of Burns J W Co Incny’s portfolio.West Oak Capital boosted its stake in SJM in the latest quarter, The investment management firm added 1,950 additional shares and now holds a total of 2,950 shares of J M Smucker Co which is valued at $392,645. J M Smucker Co makes up approx 0.27% of West Oak Capital’s portfolio.

J M Smucker Co closed down -0.14 points or -0.11% at $132.94 with 7,18,267 shares getting traded on Friday. Post opening the session at $133.37, the shares hit an intraday low of $132.58 and an intraday high of $133.37 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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