Amundi Pioneer Asset Management Inc. purchased a new stake in shares of The J.M. Smucker Company (NYSE:SJM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 269,009 shares of the company’s stock, valued at approximately $33,421,000. Amundi Pioneer Asset Management Inc. owned approximately 0.24% of The J.M. Smucker at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its stake in The J.M. Smucker by 234.0% during the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after buying an additional 620 shares in the last quarter. Independence Bank of Kentucky acquired a new position in shares of The J.M. Smucker in the 4th quarter valued at $173,000. Ramsay Stattman Vela & Price Inc. acquired a new position in shares of The J.M. Smucker in the 4th quarter valued at $200,000. Mutual of Omaha Bank Wealth Management acquired a new position in shares of The J.M. Smucker in the 4th quarter valued at $205,000. Finally, IBM Retirement Fund acquired a new position in shares of The J.M. Smucker in the 4th quarter valued at $207,000. 77.59% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on SJM. Credit Suisse Group set a $120.00 price target on The J.M. Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $141.00 price objective on The J.M. Smucker and gave the stock a “buy” rating in a research note on Friday, December 8th. Jefferies Group reissued a “buy” rating and issued a $135.00 price objective on shares of The J.M. Smucker in a research note on Friday, February 16th. Barclays reissued an “equal weight” rating and set a $125.00 price objective (up previously from $120.00) on shares of The J.M. Smucker in a report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded The J.M. Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Tuesday, February 20th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $129.38.
Shares of The J.M. Smucker stock traded down $4.24 during trading on Monday, reaching $119.77. 1,063,694 shares of the company were exchanged, compared to its average volume of 1,118,390. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The J.M. Smucker Company has a twelve month low of $99.57 and a twelve month high of $134.12. The stock has a market cap of $14,087.43, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.91 and a beta of 0.62.
The J.M. Smucker (NYSE:SJM) last posted its earnings results on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.34. The J.M. Smucker had a return on equity of 12.46% and a net margin of 17.16%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. analysts expect that The J.M. Smucker Company will post 8.25 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by Enterprise Leader and is the sole property of of Enterprise Leader. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://theenterpriseleader.com/2018/04/02/amundi-pioneer-asset-management-inc-buys-new-holdings-in-j-m-smucker-co-sjm.html.
About The J.M. Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
Receive News & Ratings for The J.M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The J.M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.