The J. M. Smucker Company (NYSE:SJM) Position Boosted by Silver Lake Advisory LLC

Silver Lake Advisory LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,500 shares of the company’s stock after acquiring an additional 879 shares during the quarter. J. M. Smucker accounts for 1.5% of Silver Lake Advisory LLC’s portfolio, making the stock its 27th largest position. Silver Lake Advisory LLC’s holdings in J. M. Smucker were worth $3,359,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares in the last quarter. Kieckhefer Group LLC acquired a new position in J. M. Smucker during the 4th quarter valued at about $33,000. Quarry LP raised its position in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter worth approximately $39,000. Finally, Eastern Bank bought a new position in shares of J. M. Smucker in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.4 %

NYSE SJM opened at $102.58 on Friday. The firm’s 50 day moving average price is $110.57 and its two-hundred day moving average price is $115.19. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 3.12 and a beta of 0.28. The J. M. Smucker Company has a twelve month low of $99.81 and a twelve month high of $134.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm earned $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current year.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research analyst reports. Barclays cut their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $125.00 in a research note on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $127.33.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.