Smucker shares hit two-year low, as coffee squeeze hits profits

Javier Howell
August 25, 2017

New's holdings in J.M. Smucker Company (The) were worth $536,000 at the end of the most recent quarter. Glenmede Trust Na has 0.03% invested in J M Smucker Co (NYSE:SJM). The First Merchants Corp holds 30,037 shares with $3.85 million value, up from 27,397 last quarter. Independence Advisors LLC bought a new position in shares of J.M. Smucker Company (The) during the second quarter worth about $232,000.

Chickasaw Capital Management Llc holds 8.76% of its portfolio in Targa Resources Corp for 7.57 million shares. Private Ocean Llc owns 16 shares.

Shares of J.M. Smucker Company (SJM) opened at 118.85 on Thursday.

Company shares have been seen trading -25.12% off of the 52 week high and -5.80% away from the 52 week low. Latest closing price was -1.36% below its 50-day moving average and -7.49% below its 200-day moving average. The company has market cap of $759,465.

The J.M. Smucker Company (SJM) stock price fell -23.28 percent over the past one year, while decreased -15.54 percent during the past 6 months. 2,922 were reported by Wilbanks Smith & Thomas Asset Limited Company. The company's net profit margin has achieved the current level of 8 percent and possesses 38.4 percent gross margin. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share. The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $1.77 billion. Stockholders of record on Friday, August 11th will be paid a $0.78 dividend. The Company dividend yield observed at 1.68%. The ex-dividend date has been established as Wednesday the 9th of August 2017. A raise from J.M. Smucker Company (The)'s prior periodic dividend of $0.75. J.M. Smucker Company (The)'s dividend payout ratio (DPR) is now 61.18%. J P Morgan Chase & Co cut shares of J.M. Smucker Company (The) from an overweight recommendation to a neutral recommendation in a analysis report on Thurs. If you are reading this report on another publication, it was copied illegally and republished in violation of worldwide copyright and trademark laws. J M Smucker Co (NYSE:SJM) has declined 0.84% since August 24, 2016 and is downtrending.

Several analysts recently weighed in on SJM shares.

A total of 10 brokerages have issued a ratings update on J. M. Smucker Company. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $147.80. Stocks that lose the most value relative to their price at opening are called percentage losers, and the stocks that lose the greatest number of points are called net losers or, sometimes, dollar losers.

07/19/2017 - J.M. Smucker Company (The) was downgraded to "equal-weight" by analysts at Stephens. $128.20's average target is 6.96% above currents $119.86 stock price. Presently, with an EPS of $5.11, we can expect next year's upcoming EPS of around $7.75.

Since March 7, 2017, it had 1 buying transaction, and 0 insider sales for $419,601 activity. The consensus recommendation for stock is 2.80. Following the sale, the insider now directly owns 40,966 shares of the company's stock, valued at approximately $4,969,995.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Jefferies initiated J M Smucker Co (NYSE:SJM) on Wednesday, December 16 with "Buy" rating. Glob X Mngmt Company Lc accumulated 4,519 shares. The disclosure for this purchase can be found here. Share performance for the month is now at -1.79%. The company's institutional ownership is monitored at 75.9 percent. In the US retail market segments, the Company's products are sold to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, military commissaries, natural foods stores and distributors, and pet specialty stores.

Sales in Smucker's US coffee business fell 8 percent in the first quarter while operating profits tumbled 29 percent as retailers placed fewer orders due to the rising cost of coffee.

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