J M Smucker Co Can’t Burn Your Long Portfolio. Option Traders are Bullish

 J M Smucker Co Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session J M Smucker Co (SJM) registered an unusually high (283) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SJM increase. With 283 contracts traded and 15904 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SJM161118C00135000 closed last at: $1.05 or 10.5% up. About 346,250 shares traded hands. J M Smucker Co (NYSE:SJM) has declined 3.50% since April 18, 2016 and is downtrending. It has underperformed by 7.93% 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. The firm has “Buy” rating by Deutsche Bank given on Friday, June 10. The firm has “Hold” rating given on Monday, September 21 by Zacks. Jefferies maintained J M Smucker Co (NYSE:SJM) on Wednesday, October 12 with “Hold” rating. The firm has “Outperform” rating by Credit Agricole given on Wednesday, September 2. The rating was upgraded by Credit Suisse to “Outperform” on Wednesday, August 19. The rating was downgraded by Goldman Sachs to “Sell” on Monday, April 4. On Friday, August 28 the stock rating was maintained by William Blair with “Market Perform”. As per Friday, June 3, the company rating was maintained by Morgan Stanley. On Wednesday, September 16 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Buy” rating on Thursday, September 10 by Tigress Financial.

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 decreased to 1 in Q2 2016. Its down 0.27, from 1.27 in 2016Q1. The ratio dived, 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.
Legal & General Group Public Limited Co owns 532,039 shares or 0.09% of their US portfolio. The New York-based Jefferies Group Incorporated Limited Liability Company has invested 0% in J M Smucker Co (NYSE:SJM). Champlain Investment Prtn Ltd Liability last reported 0.76% of its portfolio in the stock. Broderick Brian C has 4,945 shares for 0.32% of their US portfolio. D E Shaw Company holds 89,643 shares or 0.03% of its portfolio. Reik And Co Limited Co has 71,270 shares for 3.69% of their US portfolio. Advisor Partners Limited Liability Corp last reported 1,338 shares in the company. Moreover, Jaffetilchin Invest Prtn Lc has 0.36% invested in J M Smucker Co (NYSE:SJM) for 7,875 shares. Dekabank Deutsche Girozentrale has 0.09% invested in the company for 51,324 shares. Moreover, Parkside Bancorp And has 0.04% invested in J M Smucker Co (NYSE:SJM) for 587 shares. Moreover, Hm Payson & has 0.01% invested in J M Smucker Co (NYSE:SJM) for 1,732 shares. Airain Ltd has invested 0.31% of its portfolio in J M Smucker Co (NYSE:SJM). Shell Asset Management owns 22,850 shares or 0.08% of their US portfolio. Moreover, Sg Americas Securities Limited Liability Com has 0.02% invested in J M Smucker Co (NYSE:SJM) for 18,015 shares. Axa holds 88,000 shares or 0.06% of its portfolio.

Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 3 sales for $3.54 million net activity. BYRD VINCENT C had sold 14,512 shares worth $2.10 million on Monday, June 13. The insider OAKLAND STEVEN sold 5,453 shares worth $790,685. BELGYA MARK R sold $648,882 worth of stock.

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 $13.96 billion. The Company’s divisions include U.S. It has a 20.51 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: Nasdaq.com which released: “Earnings Reaction History: The J.M. Smucker Company, 66.7% Follow-Through …” on November 17, 2016, also Prnewswire.com with their article: “The J. M. Smucker Company Declares Dividend” published on October 21, 2016, Forbes.com published: “Ex-Dividend Reminder: J.M. Smucker, Dana and Penske Automotive Group” on November 04, 2016. More interesting news about J M Smucker Co (NYSE:SJM) were released by: Wsj.com and their article: “JM Smucker Revenue Declines on Folgers and Jif” published on November 17, 2016 as well as Seekingalpha.com‘s news article titled: “J.M. Smucker Company – Approaching Fair Value” with publication date: November 03, 2016.

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