Fundsmith Llp buys $527,384,083 stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Fundsmith Llp scooped up 1,399,810 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 Aug 12, 2016. The investment management firm now holds a total of 3,450,789 shares of J M Smucker Co which is valued at $527,384,083.J M Smucker Co makes up approximately 8.38% of Fundsmith Llp’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co boosted its stake in SJM in the latest quarter, The investment management firm added 1,806,455 additional shares and now holds a total of 3,532,054 shares of J M Smucker Co which is valued at $539,803,813. J M Smucker Co makes up approx 0.26% of Massachusetts Financial Services Co’s portfolio.Blackrock Investment Management boosted its stake in SJM in the latest quarter, The investment management firm added 614 additional shares and now holds a total of 259,385 shares of J M Smucker Co which is valued at $39,641,810. J M Smucker Co makes up approx 0.05% of Blackrock Investment Management’s portfolio.

J M Smucker Co opened for trading at $139.4 and hit $141.93 on the upside on Monday, eventually ending the session at $141.49, with a gain of 1.81% or 2.51 points. The heightened volatility saw the trading volume jump to 9,70,858 shares. Company has a market cap of $16,473 M.

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 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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