Alethea Capital Management adds J M Smucker Co (SJM) to its portfolio

J M Smucker Co (SJM) : Alethea Capital Management added new position in J M Smucker Co during the most recent quarter end. The investment management firm now holds 15,126 shares of J M Smucker Co which is valued at $2,313,824 , the company said in a statement filed on Jul 22, 2016 with the SEC.J M Smucker Co makes up approximately 3.11% of Alethea Capital Management’s portfolio.

Other Hedge Funds, Including , Americafirst Capital Management boosted its stake in SJM in the latest quarter, The investment management firm added 1,199 additional shares and now holds a total of 15,310 shares of J M Smucker Co which is valued at $2,333,091. J M Smucker Co makes up approx 1.61% of Americafirst Capital Management’s portfolio.Eqis Capital Management boosted its stake in SJM in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 4,166 shares of J M Smucker Co which is valued at $636,315. J M Smucker Co makes up approx 0.04% of Eqis Capital Management’s portfolio.Gateway Investment Advisers reduced its stake in SJM by selling 64 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 8,262 shares of SJM which is valued at $1,261,442. J M Smucker Co makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

J M Smucker Co opened for trading at $152.31 and hit $154.49 on the upside on Friday, eventually ending the session at $154.16, with a gain of 1.19% or 1.81 points. The heightened volatility saw the trading volume jump to 9,97,621 shares. Company has a market cap of $17,948 M.

On the company’s financial health, J M Smucker Co reported $1.19 EPS for the quarter, based on the information available during the earnings call on Jun 9, 2016. Analyst had a consensus estimate of $1.19. The company had revenue of $1808.00 million for the quarter, compared to analysts expectations of $1745.44 million. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.

Investors should note that on Jul 13, 2016, J M Smucker Co announced a cash dividend of $0.7500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on J M Smucker Co. J M Smucker Co was Downgraded by Jefferies to ” Hold” on Jun 10, 2016. Company shares were Reiterated by Deutsche Bank on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 152 from a previous price target of $143 .Company shares were Reiterated by Deutsche Bank on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 143 from a previous price target of $137 .

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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