Shelter Mutual Insurance Co Lowers stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Shelter Mutual Insurance Co reduced its stake in J M Smucker Co by 26.36% during the most recent quarter end. The investment management company now holds a total of 71,520 shares of J M Smucker Co which is valued at $9,213,206 after selling 25,600 shares in J M Smucker Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.J M Smucker Co makes up approximately 2.88% of Shelter Mutual Insurance Co’s portfolio.

Other Hedge Funds, Including , Putnam Investments boosted its stake in SJM in the latest quarter, The investment management firm added 312,390 additional shares and now holds a total of 1,223,461 shares of J M Smucker Co which is valued at $157,606,246. J M Smucker Co makes up approx 0.38% of Putnam Investments’s portfolio.O’shaughnessy Asset Management boosted its stake in SJM in the latest quarter, The investment management firm added 7,327 additional shares and now holds a total of 7,336 shares of J M Smucker Co which is valued at $935,267. J M Smucker Co makes up approx 0.02% of O’shaughnessy Asset Management’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in SJM in the latest quarter, The investment management firm added 5,062 additional shares and now holds a total of 288,758 shares of J M Smucker Co which is valued at $36,813,757. J M Smucker Co makes up approx 0.08% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in SJM in the latest quarter, The investment management firm added 13,974 additional shares and now holds a total of 50,400 shares of J M Smucker Co which is valued at $6,515,208. J M Smucker Co makes up approx 0.06% of Bnp Paribas Investment Partners S.a.’s portfolio. Quantres Asset Management Ltd added SJM to its portfolio by purchasing 9,600 company shares during the most recent quarter which is valued at $1,245,888. J M Smucker Co makes up approx 0.78% of Quantres Asset Management Ltd’s portfolio.

J M Smucker Co (SJM) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $124.47 and reached the intraday high at $125.57. The bulls started the profit booking and pushed the shares to intraday low of $123.82. The trading session was marked by a volume range of 19,54,399 shares exchanging hands. The 52-week high of the shares is $157.309 and the 52-week low is $112.12. The market cap of the company stands at $14,535 M and there are 11,64,17,978 shares in public circulation.

On the company’s financial health, J M Smucker Co reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $1.93. The company had revenue of $1913.90 million for the quarter, compared to analysts expectations of $2001.02 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.62 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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