J M Smucker (NYSE:SJM) posted its earnings results on Thursday.
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The stock of J M Smucker Co (NYSE:SJM) hit a new 52-week high and has $207.58 target or 69.00% above today’s $122.83 share price. The company had revenue of $2077.70 million for the quarter, compared to analysts expectations of $2071.78 million. The company’s revenue was up 40.2% compared to the same quarter previous year. The shares were sold at an average price of $116.21, for a total transaction of $145,262.50. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Institutional Investors own 74.09% of J.M. Smucker Company (The) shares.
The J.M. Smucker Company is a manufacturer and marketer of consumer food and drink products and pet food and pet bites in North America. During last six month period, the net percent change held by insiders has seen a change of -76.52%. Deutsche Bank reissued a “buy” rating on shares of J M Smucker in a research report on Wednesday, October 21st.
Since March 16, 2015, the stock had 0 buys, and 20 selling transactions for $3.73 billion net activity. The daily volume was measured at 1,426,314 shares.
Scientific Games Corporation (SGMS) of the Services sector is up 9.63% (change from open 4.15%) this morning trading at a volume of 195,880 shares and price of $8.54. Kkr 2006 Fund L.P. sold 8.28M shares worth $937.92 million.
Non-GAAP income per diluted share was $1.62, an increase of 6 percent, while adjusted non-GAAP income per diluted share, which excludes amortization, was $1.91, an increase of 13 percent. On May 22, 2015, the shares registered one year high at $120.65 and the one year low was seen on Jan 6, 2015. The company has a 50-day moving average of $116.36 and a 200 day moving average of $113.77.
J.M. Smucker Company (The) (NYSE:SJM) managed to eke out gains of 0.28% in intraday trade.
Shares of J.M. Smucker Company (The) (NYSE:SJM) ended Tuesday session in red amid volatile trading. Credit Suisse boosted their price objective on J M Smucker from $125.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. Following the completion of the sale, the president now owns 45,779 shares of the company’s stock, valued at $5,470,590.50. The Company’s US retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
Strong organic sales growth, product innovation and constant efforts to expand through acquisitions have remained the company’s strong points over the past several quarters.
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Like other big food companies, Smucker has been losing out to smaller competitors that are positioning their products as fresher and more natural, as Americans shy away from traditional processed-and-packaged foods. The Company operates in three segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and worldwide, Foodservice and Natural Foods.
