Is Selling JM Smucker Co (SJM) Here a Winning Strategy?


The firm has "Outperform" rating given on Thursday, June 23 by Wedbush.

The move came amid a rally which lifted futures close to 160 cents a pound that month, before a decline fuelled by factors such as strong Colombian and Honduran production, and data showing large coffee stocks in importing countries. Capstone Asset Mgmt Communications has invested 0.07% in J M Smucker Co (NYSE:SJM). Breaking that down further, it has performed -3.52% for the week, -1.79% for the month, -6.97% over the last quarter, -15.61% for the past half-year and -17.25% for this a year ago. Schnieders Capital Management LLC bought a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $217,000. Toronto Dominion Bank raised its position in shares of J.M. Smucker Company (The) by 25.5% in the second quarter. The Minnesota-based Kopp Investment Advisors Llc has invested 2.55% in the stock.

The J.M. Smucker Company (SJM) closed its previous trading session at $118.85 with the loss of -0.84%. Pggm Investments acquired 76,806 shares as Smucker J M Co Com New (SJM)'s stock declined 7.31%. Pacific Global Invest Management Company reported 1.11% stake. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%.

The company reported $1.51 EPS for the quarter, missing the Zacks' consensus estimate of $1.61 by $0.10. Next quarter's EPS is expected be $2.09 with next year's EPS projected to be $8.41.

The J.M. Smucker Company (NYSE:SJM)'s stock has performed at -7.19% year to date.

However, the company's most recent quarter decrease of -1.3% looks unattractive. Investors of record on Friday, August 11th will be issued a dividend of $0.78 per share. The Company dividend yield observed at 1.68%. The rating was maintained by Susquehanna on Wednesday, August 23 with "Hold". Smucker J M now has $13.53B valuation. Jefferies downgraded J M Smucker Co (NYSE:SJM) on Friday, June 10 to "Hold" rating.

TRADEMARK VIOLATION NOTICE: This report was originally reported by BBNS and is the sole property of of BBNS.

Ladenburg Thalmann Financial Services Inc increased Smucker J M Co (SJM) stake by 20.16% reported in 2016Q4 SEC filing.

Several analysts recently weighed in on SJM shares. The J.M. Smucker Company earnings have risen with an annualized rate of 4.7% over the last 5 years. Stocks that lose the most value relative to their price at opening are called percentage losers, and the stocks that lose the greatest number of points are called net losers or, sometimes, dollar losers. The stock has "Equal-Weight" rating by Stephens on Wednesday, July 19. If the $106.68 price target is reached, the company will be worth $374.10M less. A rating of 4 or 5 would represent a Sell recommendation. The stock now has a consensus rating of "Hold" and an average price target of $131.91. It also reduced Rydex Etf Trust (XLG) stake by 2,242 shares and now owns 6,781 shares. Dynamic Technology Lab Private Ltd owns 8,481 shares with a value of $1,003,000. Following the transaction, the insider now owns 40,966 shares of the company's stock, valued at approximately $4,969,995.12. The firm earned "Hold" rating on Wednesday, October 12 by Jefferies. Janney Montgomery Scott Limited Liability Company reported 2,559 shares stake. The disclosure for this sale can be found here.

The group's adjusted earnings per share (EPS) were US$1.51, below the US$1.62 consensus estimates, as sales fell by 4% to US$1.749bn, down from US$1.816bn a year earlier, also below the $1.813bn consensus estimate.

The stock was off 7.4 percent to $110.19 after falling as low as $109.77.

The J.M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America.

In retail coffee, "the company anticipates the impact of higher costs to moderate throughout the remainder of the fiscal year", JM Smucker said, a decline which would echo the easing in market values.