Culbertson A N & Co. Inc. lessened its position in J M Smucker Co (NYSE:SJM) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,791 shares of the company’s stock after selling 410 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in J M Smucker were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Quantamental Technologies LLC purchased a new stake in J M Smucker during the fourth quarter valued at about $28,000. Howe & Rusling Inc. boosted its position in J M Smucker by 218.3% during the fourth quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock valued at $28,000 after buying an additional 203 shares during the period. Pinnacle Bank purchased a new stake in J M Smucker during the fourth quarter valued at about $39,000. Meeder Asset Management Inc. purchased a new stake in shares of J M Smucker during the fourth quarter worth about $44,000. Finally, Private Capital Group LLC purchased a new stake in shares of J M Smucker during the fourth quarter worth about $50,000. 77.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of J M Smucker stock traded down $0.36 on Wednesday, hitting $118.57. 5,576 shares of the company’s stock were exchanged, compared to its average volume of 1,049,359. The stock has a market capitalization of $13.53 billion, a PE ratio of 14.89, a P/E/G ratio of 2.50 and a beta of 0.56. J M Smucker Co has a 1 year low of $91.32 and a 1 year high of $121.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.23. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.50 EPS. As a group, research analysts anticipate that J M Smucker Co will post 8.16 EPS for the current year.
In related news, SVP Jeannette L. Knudsen sold 1,932 shares of J M Smucker stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the transaction, the senior vice president now owns 24,292 shares in the company, valued at approximately $2,498,675.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.92% of the stock is currently owned by insiders.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Jefferies Financial Group reissued a “buy” rating and set a $125.00 price target on shares of J M Smucker in a research report on Friday, January 11th. ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Guggenheim started coverage on shares of J M Smucker in a research report on Tuesday, January 22nd. They set a “sell” rating and a $85.00 price target for the company. Finally, Argus started coverage on shares of J M Smucker in a research report on Monday, April 1st. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $114.91.
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About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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