JM Smucker (SJM) Stock Rating Reaffirmed by Barclays

Marco Green
February 23, 2018

United Capital Financial Advisers Llc who had been investing in Jm Smucker Co for a number of months, seems to be less bullish one the $13.73 billion market cap company. The stock decreased 0.34% or $0.25 during the last trading session, reaching $74.35. About 4.36M shares traded.

J M Smucker (NYSE:SJM) last released its quarterly earnings results on Friday, February 16th. It has underperformed by 20.75% the S&P500. Palouse Capital Management Inc. acquired a new stake in J M Smucker during the fourth quarter worth about $7,223,000. Fagan Associates Inc bought 3,790 shares as the company's stock rose 8.03% with the market. The institutional investor held 124,212 shares of the computer manufacturing company at the end of 2017Q3, valued at $19.14M, down from 130,349 at the end of the previous reported quarter. J M Smucker comprises approximately 0.9% of Capital Analysts LLC's investment portfolio, making the stock its 18th biggest position. The stock decreased 0.12% or $0.14 during the last trading session, reaching $120.97. About 898,715 shares traded. Antero Resources Corporation (NYSE:AR) has declined 15.15% since February 22, 2017 and is downtrending. It has outperformed by 6.29% the S&P500. It also increased its holding in Ishares Tr (JKD) by 2,053 shares in the quarter, for a total of 5,603 shares, and has risen its stake in Pvh Corp (NYSE:PVH). Illinois-based Country Tru Bancorporation has invested 0% in The J.M. Smucker Company (NYSE:SJM). Parametric Portfolio Associates LLC increased its stake in shares of J M Smucker by 68.2% in the 3rd quarter. SJM's profit will be $241.96M for 14.42 P/E if the $2.13 EPS becomes a reality. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.12.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.08, from 0.97 in 2017Q2.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moreover, Legal And General Public Ltd has 0.05% invested in The J.M. Smucker Company (NYSE:SJM) for 620,641 shares. 230,119 were reported by Barclays Public Ltd. Da Davidson And Co accumulated 91,945 shares or 0.06% of the stock. Capital Analysts LLC owned about 0.09% of J M Smucker worth $6,785,000 at the end of the most recent reporting period. Compton Cap Inc Ri holds 16,531 shares. Nikko Asset Mgmt Americas Inc holds 0.01% or 1,300 shares in its portfolio. Retirement Systems Of Alabama accumulated 55,106 shares or 0.03% of the stock. Ckw Fincl Gru owns 100 shares or 0% of their USA portfolio. Strs Ohio now owns 14,776 shares of the company's stock worth $1,550,000 after purchasing an additional 820 shares during the period. 62,150 are held by Aperio Ltd Liability Corporation.

Shares of J M Smucker (NYSE:SJM) opened at $120.82 on Tuesday. Caisse De Depot Et Placement Du Quebec stated it has 0.01% of its portfolio in The J.M. Smucker Company (NYSE:SJM). The Pennsylvania-based Federated Invsts Pa has invested 0.14% in The J.M. Smucker Company (NYSE:SJM). Tortoise Investment Mngmt Limited Liability Corp reported 0.01% in The Blackstone Group L.P. (NYSE:BX). South Dakota Invest Council reported 98,000 shares stake. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Therefore 30% are positive.

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.

A number of analysts have issued reports on SJM shares. As per Friday, August 28, the company rating was maintained by William Blair. Susquehanna Bancshares set a $141.00 price objective on J M Smucker and gave the stock a "buy" rating in a research note on Friday, December 8th. JP Morgan has "Sell" rating and $132 target. The firm earned "Neutral" rating on Monday, July 3 by Credit Suisse. Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the stock a "hold" rating in a research note on Friday, November 17th. Zacks Investment Research raised J M Smucker from a "sell" rating to a "hold" rating in a research report on Wednesday, October 25th. As per Monday, October 30, the company rating was maintained by Jefferies. As per Thursday, July 13, the company rating was maintained by Susquehanna.

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 111 funds opened positions while 484 raised stakes. Bancorpsouth owns 15,152 shares. Davenport Limited, a Virginia-based fund reported 34,974 shares. (NASDAQ:NXST) for 321,315 shares. Jpmorgan Chase And Comm holds 0.02% of its portfolio in Nexstar Media Group, Inc. Bb&T reported 3,005 shares. Camarda Financial Advsrs Ltd Company invested in 18,480 shares. Naples Glob Ltd stated it has 22,308 shares. Bokf Na reported 3,096 shares or 0.01% of all its holdings. Reik Commerce Limited Liability Corporation holds 71,889 shares or 2.52% of its portfolio. $9.78 million worth of Apple Inc. Finley John G sold $632,896 worth of stock. COOK TIMOTHY D had sold 268,623 shares worth $43.15 million on Thursday, August 24. Therefore 64% are positive. The firm has "Buy" rating by Citigroup given on Saturday, August 29. The firm has "Buy" rating given on Friday, June 3 by Deutsche Bank. Schwab Charles reported 407,057 shares. Atlantic Securities downgraded the stock to "Neutral" rating in Wednesday, July 22 report. On Monday, October 26 the stock rating was maintained by Cowen & Co with "Market Perform". The firm has "Underweight" rating given on Tuesday, April 11 by Morgan Stanley. On Monday, March 7 the stock rating was maintained by Pacific Crest with "Overweight". As per Tuesday, December 6, the company rating was initiated by Bank of America. During the same quarter a year ago, the firm posted $2.05 EPS. After $0.19 actual EPS reported by Antero Resources Corporation for the previous quarter, Wall Street now forecasts -89.47% negative EPS growth.

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