What Can Investors Expect From J.M. Smucker (NYSE:SJM) Shares After Jefferies’s New Coverage?


How Jefferies Currently Rates J.M. Smucker (NYSE:SJM)

Jefferies revealed in a recent note that it have started coverage on J.M. Smucker (NYSE:SJM) stock, with “Buy” rating.

From a total of 10 analysts covering J. M. Smucker Company (NYSE:SJM) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $139 while the lowest target price is $118. The mean of all analyst targets is $130 with a 8.05% above today’s ($122.17) stock price. J. M. Smucker Company was the topic of 17 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. Susquehanna initiated shares on October 26 with “Neutral” rating. Credit Suisse maintained SJM stock in a recent report from September 16 with “Outperform” rating. Finally, Credit Agricole upgraded the stock to “Outperform” rating in a report issued on a September 2.

Approximately 373,251 shares of stock traded hands. J M Smucker Co (NYSE:SJM) has risen 4.68% since May 13, 2015 and is uptrending. It has outperformed by 7.31% the S&P500.

The overall sentiment of institutions has increased to 1.53 in Q2 2015. Its up 0.62, from 0.91 in 2015Q2. The ratio increased, as 38 institutions have sold all the shares of J M Smucker Co that they owned while 172 funds have taken shares off the table. 87 funds have purchased shares for the first time while 234 added to their positions. These institutions now hold 78.65 million shares or 13.06% less than the 90.47 million shares they owned in 2015Q2.

The Fund Vestar Capital Partners currently is holding shares equating to 24.29% of its total portfolio in J M Smucker Co representing a total of 3.86 million shares. Another fund,Mark Sheptoff Financial Planning Llc, is holding a total of 54,566 shares equating to 5.46% of their holdings. Additionally, Segantii Capital Management Ltd has a 174,941 share stake in J M Smucker Co which represents 4.5% of their total portfolio. The Fund, Coho Partners Ltd., based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 4.4% of their total portfolio. Finally Sirios Capital Management L P, a fund which is based in the state of Massachusetts reported a total holdings of 1.04 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 16, 2015, shareholders of J M Smucker Co have witnessed 0 insider purchases, and a total of 19 selling transactions equating to a net activity of approximately $3.73 billion . Denman John W sold 250 shares worth approximately $30,000. Oakland Steven sold 2,500 shares worth approximately $298,750. Kkr Fund Holdings L.P. sold 8.28 million shares worth approximately $937.92M. Kkr 2006 Fund L.P. sold 8.28M shares worth approximately $937.92M. The company insider Blue Holdings I – L.P. sold 8.28M shares worth $937.92 million.

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 a market cap of $14.53 billion. The Firm has four divisions: U.S. It has 36.28 P/E ratio. Retail Coffee, U.S.

According to Zacks Investment Research, “The J.M. Smucker Company, headquartered in Orrville, Ohio is the leading marketer of jams, jellies, preserves, and other fruit spreads in the U.S. They are also the leader in dessert toppings, natural peanut butter, and health and natural foods juice products, and market a wide variety of other specialty products throughout the U.S. and in many foreign countries. In the fruit spreads category, they also hold the leadership position in Australia and Canada.”