1 North Wealth Services LLC bought a new position in J M Smucker Co (NYSE:SJM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 253 shares of the company’s stock, valued at approximately $28,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Guinness Asset Management Ltd lifted its position in shares of J M Smucker by 52.7% during the second quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Whitener Capital Management Inc. increased its position in shares of J M Smucker by 52.4% in the second quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in J M Smucker in the second quarter worth $37,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in J M Smucker in the third quarter worth $42,000. Finally, Perkins Coie Trust Co bought a new position in J M Smucker in the second quarter worth $45,000. 77.46% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Citigroup reduced their price objective on J M Smucker from $142.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus decreased their target price on J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Guggenheim reduced their price objective on J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a research note on Wednesday, August 28th. TheStreet downgraded J M Smucker from a “b-” rating to a “c+” rating in a research report on Tuesday, August 6th. Finally, Bank of America dropped their price objective on J M Smucker from $128.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $116.70.
In other J M Smucker news, insider Mark R. Belgya sold 750 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $113.55, for a total transaction of $85,162.50. Following the transaction, the insider now owns 54,192 shares in the company, valued at $6,153,501.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin G. Jackson sold 487 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $108.70, for a total value of $52,936.90. The disclosure for this sale can be found here. Insiders have sold 1,987 shares of company stock worth $220,599 in the last quarter. 3.70% of the stock is currently owned by company insiders.
Shares of SJM stock opened at $106.98 on Tuesday. The company has a market capitalization of $12.36 billion, a P/E ratio of 12.90, a P/E/G ratio of 3.49 and a beta of 0.43. The business’s 50 day moving average is $107.59 and its two-hundred day moving average is $115.53. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.60. J M Smucker Co has a 12-month low of $91.32 and a 12-month high of $128.43.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.88 billion. J M Smucker had a return on equity of 11.49% and a net margin of 6.95%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 EPS. On average, research analysts predict that J M Smucker Co will post 8.36 earnings per share for the current fiscal year.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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