Is there a Bearish outlook for The J. M. Smucker Company (NYSE:SJM) this week?

July 14, 2018 - By Elizabeth Bryant

Investors sentiment increased to 1.02 in Q1 2018. Its up 0.08, from 0.94 in 2017Q4. It improved, as 42 investors sold The J. M. Smucker Company shares while 222 reduced holdings. 68 funds opened positions while 200 raised stakes. 87.08 million shares or 2.86% more from 84.66 million shares in 2017Q4 were reported.
Gotham Asset Ltd holds 0.19% in The J. M. Smucker Company (NYSE:SJM) or 106,944 shares. Spc Fin accumulated 5,130 shares. Daiwa Group reported 0% in The J. M. Smucker Company (NYSE:SJM). Cap Advsr Ltd Ltd owns 25 shares for 0% of their portfolio. Silvercrest Asset Management Grp Inc Ltd, a New York-based fund reported 37,993 shares. Hightower Advsr Ltd Llc invested 0.01% in The J. M. Smucker Company (NYSE:SJM). Raymond James And Assocs holds 0.03% in The J. M. Smucker Company (NYSE:SJM) or 156,757 shares. Fjarde Ap holds 0.05% or 28,338 shares. Lowe Brockenbrough & accumulated 29,985 shares. Moreover, Lenox Wealth Mngmt Inc has 0.33% invested in The J. M. Smucker Company (NYSE:SJM) for 8,271 shares. Arizona State Retirement Systems reported 77,401 shares. Burns J W & Ny accumulated 0.94% or 29,591 shares. Exane Derivatives, a France-based fund reported 27,080 shares. Sumitomo Life reported 11,370 shares. Plante Moran Financial Limited Liability Corporation holds 332 shares or 0.02% of its portfolio.

Since June 11, 2018, it had 0 insider buys, and 5 selling transactions for $1.91 million activity. Knudsen Jeannette L sold $108,285 worth of The J. M. Smucker Company (NYSE:SJM) on Friday, June 29. Shares for $101,850 were sold by Stanziano Joseph. $545,750 worth of stock was sold by BELGYA MARK R on Tuesday, June 26. Another trade for 10,354 shares valued at $1.10 million was sold by DUNAWAY BARRY C.

The J. M. Smucker Company (NYSE:SJM) Ratings Coverage

Among 9 analysts covering JM Smucker (NYSE:SJM), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. JM Smucker had 14 analyst reports since January 25, 2018 according to SRatingsIntel. The stock has “Hold” rating by Wells Fargo on Tuesday, June 5. The firm earned “Buy” rating on Friday, June 8 by Citigroup. The firm has “Hold” rating given on Thursday, April 5 by Stephens. As per Tuesday, June 5, the company rating was maintained by Credit Suisse. Citigroup maintained The J. M. Smucker Company (NYSE:SJM) on Thursday, April 5 with “Buy” rating. Credit Suisse downgraded The J. M. Smucker Company (NYSE:SJM) on Monday, April 16 to “Underperform” rating. The firm has “Underperform” rating given on Wednesday, June 27 by Credit Suisse. The rating was maintained by Susquehanna with “Buy” on Monday, February 12. The stock of The J. M. Smucker Company (NYSE:SJM) has “Sell” rating given on Tuesday, February 20 by JP Morgan. Stifel Nicolaus maintained The J. M. Smucker Company (NYSE:SJM) rating on Thursday, January 25. Stifel Nicolaus has “Hold” rating and $133.0 target. Below is a list of The J. M. Smucker Company (NYSE:SJM) latest ratings and price target changes.

27/06/2018 Broker: Credit Suisse Old Rating: Underperform New Rating: Underperform Old Target: $90 New Target: $95 Maintain
08/06/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $155 New Target: $127 Maintain
08/06/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $118 New Target: $97 Maintain
05/06/2018 Broker: Wells Fargo Rating: Hold New Target: $100.0000 Maintain
05/06/2018 Broker: Credit Suisse Old Rating: Underperform New Rating: Underperform Old Target: $115 New Target: $98 Maintain
16/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Underperform Old Target: $110 Downgrade
05/04/2018 Broker: Stephens Rating: Hold New Target: $130.0000 Maintain
05/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $146 New Target: $155 Maintain
20/02/2018 Broker: JP Morgan Old Rating: Sell New Rating: Sell Old Target: $121 New Target: $132 Maintain
20/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $120 New Target: $125 Maintain

The stock increased 1.21% or $1.33 during the last trading session, reaching $111.06. About 770,536 shares traded. The J. M. Smucker Company (NYSE:SJM) has declined 14.27% since July 14, 2017 and is downtrending. It has underperformed by 26.84% the S&P500.

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. The company has market cap of $12.61 billion. It operates through U.S. It has a 10.02 P/E ratio. Retail Coffee, U.S.

More news for The J. M. Smucker Company (NYSE:SJM) were recently published by: Seekingalpha.com, which released: “Susquehanna positive on JM Smucker” on July 02, 2018. Seekingalpha.com‘s article titled: “Banks lead group of expected dividend hikers next week” and published on July 13, 2018 is yet another important article.

The J. M. Smucker Company (NYSE:SJM) Institutional Positions Chart

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