Today J M Smucker Co Had High Bearish Options Activity


 Today J M Smucker Co Had High Bearish Options Activity

In today’s session J M Smucker Co (SJM) recorded an unusually high (263) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SJM decrease. With 263 contracts traded and 6634 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SJM161021P00140000 closed last at: $7.3 or 37.7% up. About 208,456 shares traded hands. J M Smucker Co (NYSE:SJM) has risen 3.73% since March 3, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

J M Smucker Co (NYSE:SJM) Ratings Coverage

Out of 12 analysts covering J. M. Smucker Company (NYSE:SJM), 3 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 25% are positive. J. M. Smucker Company has been the topic of 29 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of J M Smucker Co (NYSE:SJM) earned “Market Perform” rating by William Blair on Friday, August 28. Tigress Financial maintained the stock with “Buy” rating in Thursday, September 10 report. The stock of J M Smucker Co (NYSE:SJM) has “Outperform” rating given on Wednesday, September 16 by Credit Suisse. The firm has “Neutral” rating by Susquehanna given on Monday, October 26. The stock of J M Smucker Co (NYSE:SJM) earned “Hold” rating by Jefferies on Friday, June 10. The rating was upgraded by Credit Suisse on Wednesday, August 19 to “Outperform”. The rating was initiated by Jefferies with “Buy” on Wednesday, December 16. On Monday, April 4 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Buy” rating given on Wednesday, October 21 by Deutsche Bank. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, September 27.

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.”

Insitutional Activity: The institutional sentiment increased to 1.27 in Q2 2016. Its up 0.20, from 1.07 in 2016Q1. The ratio increased, as 42 funds sold all J M Smucker Co shares owned while 217 reduced positions. 93 funds bought stakes while 236 increased positions. They now own 86.15 million shares or 1.85% less from 87.77 million shares in 2016Q1.
Korea Investment Corp last reported 0.26% of its portfolio in the stock. The New York-based First Niagara Comml Bank has invested 0.45% in J M Smucker Co (NYSE:SJM). Apg Asset Mngmt Nv last reported 171,828 shares in the company. Conning has 0.02% invested in the company for 3,172 shares. Wellington Shields Mngmt Lc last reported 1.23% of its portfolio in the stock. First Fincl Bank Na accumulated 3,378 shares or 0.1% of the stock. Concert Wealth Management holds 0.03% of its portfolio in J M Smucker Co (NYSE:SJM) for 1,482 shares. Tributary Capital Mngmt Ltd Liability Corp reported 23,400 shares or 0.52% of all its holdings. Moreover, Checchi Advisers has 0.03% invested in J M Smucker Co (NYSE:SJM) for 1,544 shares. Balyasny Asset Ltd Limited Liability Company has 0% invested in the company for 1,968 shares. Mcrae Cap Mgmt Inc accumulated 1,695 shares or 0.12% of the stock. The California-based Fdx Advsrs Incorporated has invested 0.06% in J M Smucker Co (NYSE:SJM). Paloma Prtnrs Mgmt reported 59,290 shares or 0.1% of all its holdings. Moreover, First Merchants has 1.42% invested in J M Smucker Co (NYSE:SJM) for 28,253 shares. Curbstone Fincl Management accumulated 0.59% or 11,630 shares.

Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 4 selling transactions for $3.57 million net activity. Denman John W also sold $31,888 worth of J M Smucker Co (NYSE:SJM) on Friday, April 15. Another trade for 14,512 shares valued at $2.10 million was sold by BYRD VINCENT C. 4,500 J M Smucker Co (NYSE:SJM) shares with value of $648,882 were sold by BELGYA MARK R. $790,685 worth of J M Smucker Co (NYSE:SJM) was sold by OAKLAND STEVEN on Monday, June 13.

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The company has a market cap of $15.52 billion. The Company’s divisions include U.S. It has a 21.93 P/E ratio. Retail Coffee, U.S.

SJM Company Profile

The J. M. Smucker Company, incorporated on October 26, 1921, is a maker and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s divisions include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market divisions consist of the sale of branded food products to clients through retail outlets in North America. In the U.S. retail market divisions, 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. In International and Foodservice, the Company’s products are distributed domestically and in foreign countries through retail channels and foodservice distributors and operators, such as restaurants, lodging, schools and universities, healthcare operators.

More notable recent J M Smucker Co (NYSE:SJM) news were published by: which released: “Is J.M. Smucker Company a Buy?” on June 02, 2016, also with their article: “Short Interest In JM Smucker Makes 10.8% Move” published on September 27, 2016, published: “Commit To Buy J.M. Smucker Co. At $130, Earn 5.2% Annualized Using Options” on September 06, 2016. More interesting news about J M Smucker Co (NYSE:SJM) were released by: and their article: “JM Smucker Co. shares tumble as sluggish pet food sales weigh on forecast” published on August 23, 2016 as well as‘s news article titled: “JM Smucker Becomes Oversold” with publication date: September 21, 2016.

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