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

J M Smucker Co (SJM) : Gavekal Capital added new position in J M Smucker Co during the most recent quarter end. The investment management firm now holds 63,092 shares of J M Smucker Co which is valued at $8,424,044 , the company said in a statement filed on Oct 17, 2016 with the SEC.J M Smucker Co makes up approximately 2.88% of Gavekal Capital’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in SJM in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 34,856 shares of J M Smucker Co which is valued at $4,667,916. J M Smucker Co makes up approx 0.08% of Gulf International Bank (uk) Ltd’s portfolio.Toth Financial Advisory Corp boosted its stake in SJM in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 11,349 shares of J M Smucker Co which is valued at $1,519,858. J M Smucker Co makes up approx 0.46% of Toth Financial Advisory Corp’s portfolio. Oliver Luxxe Assets sold out all of its stake in SJM during the most recent quarter. The investment firm sold 13,640 shares of SJM which is valued $1,813,302.Catawba Capital Management Va boosted its stake in SJM in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 9,227 shares of J M Smucker Co which is valued at $1,226,637. J M Smucker Co makes up approx 0.29% of Catawba Capital Management Va’s portfolio.

J M Smucker Co closed down -0.4 points or -0.30% at $133.52 with 4,32,038 shares getting traded on Friday. Post opening the session at $133.97, the shares hit an intraday low of $133.33 and an intraday high of $134.4594 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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