Burns J W & Co. Inc. NY lessened its holdings in shares of J M Smucker Co (NYSE:SJM) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,931 shares of the company’s stock after selling 1,432 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in J M Smucker were worth $2,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the company. Guinness Asset Management Ltd raised its position in shares of J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the period. Whitener Capital Management Inc. raised its position in shares of J M Smucker by 52.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Alera Investment Advisors LLC bought a new stake in shares of J M Smucker during the 1st quarter valued at $35,000. Stonebridge Capital Advisors LLC bought a new stake in shares of J M Smucker during the 2nd quarter valued at $37,000. Finally, Perkins Coie Trust Co bought a new stake in shares of J M Smucker during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 77.39% of the company’s stock.
In other J M Smucker news, SVP Geoff E. Tanner acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was acquired at an average cost of $103.42 per share, with a total value of $103,420.00. Following the purchase, the senior vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $1,454,395.46. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction on Monday, September 30th. The stock was sold at an average price of $110.00, for a total transaction of $82,500.00. Following the completion of the transaction, the chief financial officer now directly owns 53,442 shares of the company’s stock, valued at $5,878,620. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,937 shares of company stock worth $554,775. 3.70% of the stock is currently owned by insiders.
Several analysts have recently commented on SJM shares. Wells Fargo & Co restated a “market perform” rating and set a $107.00 price objective (down from $114.00) on shares of J M Smucker in a research report on Wednesday, August 28th. Stifel Nicolaus reduced their price target on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. ValuEngine upgraded shares of J M Smucker from a “strong sell” rating to a “sell” rating in a report on Thursday. Guggenheim reduced their price target on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a report on Wednesday, August 28th. Finally, TheStreet downgraded shares of J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $116.70.
NYSE SJM traded up $0.25 on Friday, reaching $107.27. The company had a trading volume of 250,412 shares, compared to its average volume of 629,111. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $12.08 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.41 and a beta of 0.43. The firm’s 50 day moving average price is $107.54 and its 200 day moving average price is $116.29. 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 announced 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 company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.88 billion. J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. On average, research analysts expect that J M Smucker Co will post 8.37 EPS for the current 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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