J M Smucker Co (SJM) Stake Lowered by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI lowered its holdings in J M Smucker Co (NYSE:SJM) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,029 shares of the company’s stock after selling 2,445 shares during the period. J M Smucker accounts for 2.0% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 18th biggest position. LVM Capital Management Ltd. MI owned about 0.06% of J M Smucker worth $8,700,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SJM. BlackRock Inc. grew its position in shares of J M Smucker by 7.6% in the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after purchasing an additional 578,984 shares during the period. Koch Industries Inc. purchased a new stake in shares of J M Smucker in the second quarter valued at $495,000. Renaissance Technologies LLC purchased a new stake in shares of J M Smucker in the second quarter valued at $54,456,000. Parametric Portfolio Associates LLC grew its position in shares of J M Smucker by 251.1% in the second quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock valued at $76,033,000 after purchasing an additional 459,528 shares during the period. Finally, American Century Companies Inc. grew its position in shares of J M Smucker by 67.4% in the third quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock valued at $104,764,000 after purchasing an additional 402,167 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on SJM shares. Jefferies Group set a $130.00 price objective on J M Smucker and gave the company a “buy” rating in a research report on Monday, October 30th. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the company a “buy” rating in a research report on Friday, December 8th. Stifel Nicolaus boosted their price target on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group set a $110.00 price target on J M Smucker and gave the company a “hold” rating in a research report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $127.75.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is currently owned by insiders.

Shares of J M Smucker Co (SJM) opened at $124.16 on Thursday. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The stock has a market capitalization of $14,100.00, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66.

J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. equities research analysts forecast that J M Smucker Co will post 7.8 EPS for the current year.

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J M Smucker Company Profile

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’s segments 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 segments consist of the sale of branded food products to consumers through retail outlets in North America.

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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