Heritage Way Advisors LLC raised its position in shares of J M Smucker Co (NYSE:SJM) by 51.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,700 shares of the company’s stock after buying an additional 4,675 shares during the period. Heritage Way Advisors LLC’s holdings in J M Smucker were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Sun Life Financial INC increased its holdings in shares of J M Smucker by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after purchasing an additional 841 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in shares of J M Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after purchasing an additional 620 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of J M Smucker in the third quarter valued at approximately $201,000. Well Done LLC acquired a new stake in shares of J M Smucker in the third quarter valued at approximately $201,000. Finally, Stokes & Hubbell Capital Management LLC acquired a new stake in shares of J M Smucker in the third quarter valued at approximately $202,000. 74.98% of the stock is owned by institutional investors.
SJM has been the subject of a number of research reports. Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Susquehanna Bancshares set a $141.00 price target on shares of J M Smucker and gave the company a “buy” rating in a report on Friday, December 8th. Morgan Stanley set a $112.00 price target on shares of J M Smucker and gave the company a “sell” rating in a report on Friday, November 17th. Jefferies Group set a $135.00 price target on shares of J M Smucker and gave the company a “buy” rating in a report on Saturday, November 18th. Finally, Credit Suisse Group set a $110.00 price target on shares of J M Smucker and gave the company a “hold” rating in a report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $127.75.
In other news, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction on 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 directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock valued at $698,093 in the last ninety days. Company insiders own 3.50% of the company’s stock.
J M Smucker Co (SJM) traded up $1.83 on Thursday, reaching $125.84. 673,100 shares of the company’s stock were exchanged, compared to its average volume of 911,900. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68. The firm has a market cap of $14,300.00, a price-to-earnings ratio of 25.47, a PEG ratio of 2.12 and a beta of 0.66.
J M Smucker (NYSE:SJM) last released its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. equities analysts forecast that J M Smucker Co will post 7.79 earnings per share for the current fiscal year.
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About J M Smucker
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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