Roberts Glore & Co. Inc. IL cut its position in shares of J.M. Smucker Co. (NYSE:SJM) by 10.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,658 shares of the company’s stock after selling 312 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in J.M. Smucker were worth $405,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SJM. SL Advisors LLC bought a new stake in shares of J.M. Smucker during the second quarter worth $1,040,000. Concert Wealth Management Inc. bought a new stake in shares of J.M. Smucker during the second quarter worth $223,000. Spectrum Management Group Inc. raised its stake in shares of J.M. Smucker by 6,253.3% in the second quarter. Spectrum Management Group Inc. now owns 9,530 shares of the company’s stock worth $1,452,000 after buying an additional 9,380 shares in the last quarter. Baker Ellis Asset Management LLC raised its stake in shares of J.M. Smucker by 1.9% in the second quarter. Baker Ellis Asset Management LLC now owns 3,329 shares of the company’s stock worth $507,000 after buying an additional 62 shares in the last quarter. Finally, Trillium Asset Management LLC raised its stake in shares of J.M. Smucker by 0.3% in the second quarter. Trillium Asset Management LLC now owns 20,754 shares of the company’s stock worth $3,163,000 after buying an additional 56 shares in the last quarter. 75.66% of the stock is owned by institutional investors and hedge funds.
J.M. Smucker Co. (NYSE:SJM) traded down 0.34% during midday trading on Monday, reaching $133.06. 383,219 shares of the company traded hands. J.M. Smucker Co. has a 12-month low of $111.01 and a 12-month high of $157.31. The company has a 50 day moving average of $136.64 and a 200-day moving average of $139.22. The stock has a market capitalization of $15.49 billion, a P/E ratio of 21.88 and a beta of 0.53.
J.M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.12. The business earned $1.82 billion during the quarter. J.M. Smucker had a net margin of 9.41% and a return on equity of 11.76%. J.M. Smucker’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 EPS. Equities analysts anticipate that J.M. Smucker Co. will post $7.68 EPS for the current fiscal year.
A number of brokerages recently weighed in on SJM. Jefferies Group lowered their price target on shares of J.M. Smucker from $143.00 to $135.00 and set a “hold” rating for the company in a report on Wednesday, October 12th. JPMorgan Chase & Co. reissued a “focus list” rating on shares of J.M. Smucker in a report on Tuesday, October 4th. Credit Suisse Group AG lowered shares of J.M. Smucker from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $158.00 to $145.00 in a report on Tuesday, September 27th. Hilliard Lyons raised shares of J.M. Smucker from an “underperform” rating to a “neutral” rating in a report on Thursday, September 22nd. Finally, Susquehanna reaffirmed a “hold” rating and set a $139.00 target price on shares of J.M. Smucker in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $146.00.
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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