Hgk Asset Management INC Increased Its J.M. Smucker Co. (SJM) Stake

April 20, 2018 - By Jacob Falcon

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.05, from 0.89 in 2017Q3. It improved, as 53 investors sold SJM shares while 236 reduced holdings. 94 funds opened positions while 179 raised stakes. 84.66 million shares or 1.41% more from 83.48 million shares in 2017Q3 were reported. 6,365 are held by Clear Harbor Asset Ltd. Palo reported 0.7% stake. The Sweden-based Nordea Investment Management Ab has invested 0.04% in The J. M. Smucker Company (NYSE:SJM). 76 are owned by Earnest Prtnrs Limited Liability. Nine Masts Cap holds 4,613 shares. Mcrae Inc, a New Jersey-based fund reported 1,695 shares. Gam Holdg Ag reported 0.12% of its portfolio in The J. M. Smucker Company (NYSE:SJM). Virtus Invest Advisers reported 3,176 shares. 3,755 were reported by Dana Inv Advsr. Azimuth Cap Management Lc invested 0.06% of its portfolio in The J. M. Smucker Company (NYSE:SJM). Apg Asset Mngmt Nv accumulated 54,193 shares or 0.01% of the stock. Gilman Hill Asset Ltd Limited Liability Company reported 0.15% in The J. M. Smucker Company (NYSE:SJM). Pggm reported 0.04% in The J. M. Smucker Company (NYSE:SJM). Boston Advsr Limited Liability has 1,735 shares. Scotia Capital has 43,515 shares for 0.07% of their portfolio.

Hgk Asset Management Inc increased its stake in J.M. Smucker Co. (SJM) by 46.73% based on its latest 2017Q4 regulatory filing with the SEC. Hgk Asset Management Inc bought 36,469 shares as the company’s stock declined 2.24% with the market. The institutional investor held 114,504 shares of the packaged foods company at the end of 2017Q4, valued at $14.23 million, up from 78,035 at the end of the previous reported quarter. Hgk Asset Management Inc who had been investing in J.M. Smucker Co. for a number of months, seems to be bullish on the $13.30B market cap company. The stock decreased 2.61% or $3.14 during the last trading session, reaching $117.04. About 1.69M shares traded or 48.89% up from the average. The J. M. Smucker Company (NYSE:SJM) has declined 7.89% since April 20, 2017 and is downtrending. It has underperformed by 19.44% the S&P500.

The J. M. Smucker Company (NYSE:SJM) Ratings Coverage

Among 11 analysts covering JM Smucker (NYSE:SJM), 3 have Buy rating, 3 Sell and 5 Hold. Therefore 27% are positive. JM Smucker had 16 analyst reports since October 30, 2017 according to SRatingsIntel. The stock of The J. M. Smucker Company (NYSE:SJM) earned “Buy” rating by Citigroup on Thursday, April 5. The company was maintained on Tuesday, February 20 by JP Morgan. The firm has “Buy” rating given on Friday, November 17 by Jefferies. On Friday, November 17 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock of The J. M. Smucker Company (NYSE:SJM) earned “Buy” rating by Susquehanna on Monday, February 12. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, January 25. Barclays Capital maintained The J. M. Smucker Company (NYSE:SJM) rating on Tuesday, February 20. Barclays Capital has “Equal-Weight” rating and $125 target. The rating was maintained by Deutsche Bank on Tuesday, February 20 with “Hold”. The firm earned “Underperform” rating on Monday, April 16 by Credit Suisse. The firm has “Hold” rating given on Thursday, April 5 by Stephens.

The J. M. Smucker Company (NYSE:SJM) Institutional Positions Chart

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