The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its stake in The J. M. Smucker Company (NYSE:SJM) by 4.7% in the 2nd quarter, Holdings Channel reports. The firm owned 19,959 shares of the company’s stock after purchasing an additional 897 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in The J. M. Smucker were worth $2,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. PAX Financial Group LLC increased its holdings in The J. M. Smucker by 43.7% during the 2nd quarter. PAX Financial Group LLC now owns 2,385 shares of the company’s stock valued at $309,000 after acquiring an additional 725 shares in the last quarter. Lincoln National Corp grew its holdings in shares of The J. M. Smucker by 2.6% during the second quarter. Lincoln National Corp now owns 8,337 shares of the company’s stock worth $1,080,000 after buying an additional 208 shares in the last quarter. Alpha Paradigm Partners LLC grew its holdings in shares of The J. M. Smucker by 87.7% during the second quarter. Alpha Paradigm Partners LLC now owns 8,636 shares of the company’s stock worth $1,119,000 after buying an additional 4,036 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of The J. M. Smucker by 28.7% during the second quarter. Neuberger Berman Group LLC now owns 32,350 shares of the company’s stock worth $4,025,000 after buying an additional 7,212 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in shares of The J. M. Smucker by 60.7% during the second quarter. Jump Financial LLC now owns 6,577 shares of the company’s stock worth $853,000 after buying an additional 2,484 shares in the last quarter. Hedge funds and other institutional investors own 86.42% of the company’s stock.

NYSE SJM opened at $121.09 on Thursday. The company’s fifty day simple moving average is $124.24 and its 200-day simple moving average is $129.31. The J. M. Smucker Company has a 52 week low of $109.85 and a 52 week high of $140.65. The company has a current ratio of 0.71, a quick ratio of 0.31 and a debt-to-equity ratio of 0.43. The stock has a market cap of $13.12 billion, a P/E ratio of 17.03, a PEG ratio of 12.03 and a beta of 0.32.

The J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 25th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.02. The J. M. Smucker had a net margin of 10.06% and a return on equity of 11.64%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company posted $2.37 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, research analysts expect that The J. M. Smucker Company will post 8.46 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Credit Suisse Group lowered their price target on shares of The J. M. Smucker from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 27th. Zacks Investment Research cut shares of The J. M. Smucker from a “buy” rating to a “hold” rating and set a $137.00 target price on the stock. in a research report on Tuesday, July 27th. Jefferies Financial Group assumed coverage on shares of The J. M. Smucker in a research report on Thursday, August 26th. They issued a “hold” rating and a $140.00 target price on the stock. Morgan Stanley decreased their target price on shares of The J. M. Smucker from $126.00 to $117.00 and set an “underweight” rating on the stock in a research report on Friday, August 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of The J. M. Smucker from $140.00 to $132.00 and set a “hold” rating on the stock in a research report on Friday, August 27th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.33.

The J. M. Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of 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 domestic sales of Folgers, Dunkin’ Donuts, and CafĂ© Bustelo branded coffee.

Further Reading: What is the Gross Domestic Product (GDP)?

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

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