Wespac Advisors Socal Lowers stake in J M Smucker Co (SJM)

J M Smucker Co (SJM) : Wespac Advisors Socal reduced its stake in J M Smucker Co by 3.01% during the most recent quarter end. The investment management company now holds a total of 37,683 shares of J M Smucker Co which is valued at $5,759,093 after selling 1,170 shares in J M Smucker Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.J M Smucker Co makes up approximately 3.63% of Wespac Advisors Socal’s portfolio.

Other Hedge Funds, Including , Jefferies Group reduced its stake in SJM by selling 2,730 shares or 30.72% in the most recent quarter. The Hedge Fund company now holds 6,158 shares of SJM which is valued at $941,127. J M Smucker Co makes up approx 0.03% of Jefferies Group’s portfolio.Vanguard Group Inc boosted its stake in SJM in the latest quarter, The investment management firm added 366,506 additional shares and now holds a total of 11,223,633 shares of J M Smucker Co which is valued at $1,715,307,831. J M Smucker Co makes up approx 0.10% of Vanguard Group Inc’s portfolio. Gsa Capital Partners Llp sold out all of its stake in SJM during the most recent quarter. The investment firm sold 6,407 shares of SJM which is valued $994,559.Coastline Trust Co reduced its stake in SJM by selling 140 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of SJM which is valued at $411,453. J M Smucker Co makes up approx 0.08% of Coastline Trust Co’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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