Sawyer & Company Inc decreased its holdings in shares of J M Smucker Co (NYSE:SJM) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,948 shares of the company’s stock after selling 225 shares during the period. Sawyer & Company Inc’s holdings in J M Smucker were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of J M Smucker by 2.7% during the 2nd quarter. BlackRock Inc. now owns 9,934,921 shares of the company’s stock worth $1,144,403,000 after acquiring an additional 258,305 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of J M Smucker by 12,607.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 187,315 shares of the company’s stock worth $21,577,000 after acquiring an additional 185,841 shares in the last quarter. Cleararc Capital Inc. purchased a new stake in shares of J M Smucker during the 1st quarter worth approximately $224,000. Trust Co. of Vermont lifted its stake in J M Smucker by 13.7% in the 2nd quarter. Trust Co. of Vermont now owns 12,114 shares of the company’s stock valued at $1,395,000 after buying an additional 1,455 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in J M Smucker by 0.4% in the 2nd quarter. Stephens Inc. AR now owns 22,433 shares of the company’s stock valued at $2,584,000 after buying an additional 94 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.
In other J M Smucker news, CEO Mark T. Smucker sold 2,200 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $113.28, for a total transaction of $249,216.00. Following the transaction, the chief executive officer now owns 140,975 shares of the company’s stock, valued at approximately $15,969,648. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Geoff E. Tanner purchased 1,000 shares of J M Smucker stock in a transaction on Thursday, August 29th. The shares were acquired at an average cost of $103.42 per share, for a total transaction of $103,420.00. Following the purchase, the senior vice president now owns 14,063 shares in the company, valued at $1,454,395.46. The disclosure for this purchase can be found here. In the last three months, insiders have sold 4,937 shares of company stock worth $554,775. Corporate insiders own 3.70% of the company’s stock.
A number of research firms recently issued reports on SJM. TheStreet lowered J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Stifel Nicolaus reduced 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. Bank of America reduced their target price on J M Smucker from $128.00 to $122.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. ValuEngine raised J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. Finally, Guggenheim reduced their target price 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $116.70.
Shares of J M Smucker stock traded up $1.21 during trading hours on Thursday, reaching $108.76. 20,033 shares of the company’s stock were exchanged, compared to its average volume of 594,628. J M Smucker Co has a 52-week low of $91.32 and a 52-week high of $128.43. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.43. The company has a fifty day moving average of $106.91 and a 200-day moving average of $116.05. 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 (NYSE:SJM) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.17). J M Smucker had a return on equity of 11.49% and a net margin of 6.95%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $1.78 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that J M Smucker Co will post 8.37 earnings per share for the current fiscal year.
J M Smucker 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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