Could J M Smucker Co Rise Even More? The Stock Had Bullish Options Activity

 Could J M Smucker Co Rise Even More? The Stock Had Bullish Options Activity

In today’s session J M Smucker Co (SJM) registered an unusually high (177) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SJM increase. With 177 contracts traded and 2344 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SJM170120C00140000 closed last at: $1.65 or 8.3% down. About 220,236 shares traded hands. J M Smucker Co (NYSE:SJM) has risen 0.85% since March 31, 2016 and is uptrending. It has underperformed by 1.67% 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 30 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, September 27 report. The company was maintained on Monday, June 20 by JP Morgan. The rating was maintained by Deutsche Bank with “Buy” on Friday, June 10. The firm has “Buy” rating given on Wednesday, December 16 by Jefferies. The stock of J M Smucker Co (NYSE:SJM) has “Outperform” rating given on Wednesday, August 19 by Credit Suisse. The stock of J M Smucker Co (NYSE:SJM) earned “Market Perform” rating by William Blair on Friday, August 28. Goldman Sachs downgraded J M Smucker Co (NYSE:SJM) on Monday, April 4 to “Sell” rating. The stock of J M Smucker Co (NYSE:SJM) earned “Neutral” rating by Susquehanna on Monday, October 26. As per Saturday, August 29, the company rating was maintained by Citigroup. The stock of J M Smucker Co (NYSE:SJM) has “Hold” rating given on Wednesday, October 12 by Jefferies.

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 2016 Q2. 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.
Great Lakes Ltd Liability has invested 0.02% of its portfolio in J M Smucker Co (NYSE:SJM). The New York-based Glob X Management Lc has invested 0.01% in J M Smucker Co (NYSE:SJM). Bridgeway Capital Management Incorporated holds 0.63% or 267,200 shares in its portfolio. Epoch Investment Inc accumulated 0.82% or 1.44M shares. Stadion Money Mngmt Ltd Liability Corp owns 13,208 shares or 0.07% of their US portfolio. Alethea Mgmt Ltd holds 3.16% or 15,126 shares in its portfolio. Private Advisor Group Limited Company has 5,079 shares for 0.03% of their US portfolio. Parkside Fincl Bancorp last reported 0.04% of its portfolio in the stock. Nomura Asset Mgmt, a Japan-based fund reported 23,600 shares. Miller Howard Invs Inc Ny, a New York-based fund reported 655,232 shares. Yhb Advsrs holds 1,837 shares or 0.06% of its portfolio. Virginia Retirement Sys Et Al accumulated 0.11% or 50,000 shares. Moreover, Guardian Life Insur Of America has 0.01% invested in J M Smucker Co (NYSE:SJM) for 443 shares. Alphamark Advsrs Ltd Liability Corp accumulated 0.02% or 255 shares. Folger Nolan Fleming Douglas Mngmt accumulated 5,052 shares or 0.13% of the stock.

Insider Transactions: Since June 13, 2016, the stock had 0 insider buys, and 3 sales for $3.54 million net activity. OAKLAND STEVEN sold $790,685 worth of stock or 5,453 shares. $648,882 worth of J M Smucker Co (NYSE:SJM) was sold by BELGYA MARK R on Monday, June 13. BYRD VINCENT C had sold 14,512 shares worth $2.10M 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 $15.19 billion. The Company’s divisions include U.S. It has a 21.5 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 recent J M Smucker Co (NYSE:SJM) news were published by: Prnewswire.com which released: “The J. M. Smucker Company Declares Dividend” on October 21, 2016. Also Prnewswire.com published the news titled: “The J. M. Smucker Company Announces Dividend Increase” on July 13, 2016. Crainscleveland.com‘s news article titled: “JM Smucker Co. shares tumble as sluggish pet food sales weigh on forecast” with publication date: August 23, 2016 was also an interesting one.

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