Bernstein Downgrades J M Smucker Co to Underperform

Brokerage firm Bernstein Downgrades its rating on J M Smucker Co(SJM). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Bernstein was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, Deutsche Bank said it Initiates Coverage On J M Smucker Co, according to a research note issued on Feb 15, 2017. The shares have been rated ‘Hold’ by the firm.

J M Smucker Co (SJM) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.08% at a volume of 6,54,583. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $133.69. The peak price level was also seen at $133.69 while the days lowest was $132.64. Finally the shares closed at $133.06. The 52-week high of the shares is $157.309 while the 52-week low is $122.05. According to the latest information available, the market cap of the company is $15,494 M.

J M Smucker Co(SJM) last announced its earnings results on Feb 17, 2017 for Fiscal Year 2017 and Q3.Company reported revenue of $1.879B. Analysts had an estimated revenue of $1.920B. Earnings per share were $2. Analysts had estimated an EPS of $2.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2017, Jay L Henderson (director) purchased 3,000 shares at $139.87 per share price.Also, On Feb 28, 2017, Jeannette L Knudsen (SVP, GC & Secretary) sold 836 shares at $141.00 per share price.On Jun 27, 2016, David J West (director) sold 865 shares at $145.65 per share price, according to the Form-4 filing with the securities and exchange commission.

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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