Pacer Advisors Inc. Grows Position in J M Smucker Co (NYSE:SJM)

Share on StockTwits

Pacer Advisors Inc. lifted its holdings in shares of J M Smucker Co (NYSE:SJM) by 23.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,608 shares of the company’s stock after purchasing an additional 3,392 shares during the quarter. Pacer Advisors Inc.’s holdings in J M Smucker were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SJM. Manning & Napier Group LLC lifted its stake in J M Smucker by 2.1% during the 3rd quarter. Manning & Napier Group LLC now owns 56,802 shares of the company’s stock worth $6,249,000 after acquiring an additional 1,182 shares in the last quarter. Founders Capital Management LLC lifted its stake in J M Smucker by 0.9% during the 3rd quarter. Founders Capital Management LLC now owns 26,236 shares of the company’s stock worth $2,825,000 after acquiring an additional 232 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in J M Smucker by 3.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 14,614 shares of the company’s stock worth $1,608,000 after acquiring an additional 467 shares in the last quarter. Diversified Trust Co lifted its stake in J M Smucker by 16.0% during the 3rd quarter. Diversified Trust Co now owns 3,472 shares of the company’s stock worth $382,000 after acquiring an additional 480 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in J M Smucker by 169.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 84,298 shares of the company’s stock worth $9,274,000 after acquiring an additional 53,045 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

SJM stock opened at $107.33 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.70 and a quick ratio of 0.26. The firm has a market capitalization of $12.21 billion, a P/E ratio of 12.95, a P/E/G ratio of 3.45 and a beta of 0.43. The business’s 50-day moving average is $107.00 and its two-hundred day moving average is $116.09. J M Smucker Co has a 1 year low of $91.32 and a 1 year high of $128.43.

J M Smucker (NYSE:SJM) last posted 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 analyst estimates of $1.88 billion. J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. J M Smucker’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. On average, analysts expect that J M Smucker Co will post 8.37 EPS for the current year.

In other news, CFO Mark R. Belgya sold 750 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $110.00, for a total transaction of $82,500.00. Following the sale, the chief financial officer now owns 53,442 shares of the company’s stock, valued at approximately $5,878,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark T. Smucker sold 2,200 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $249,216.00. Following the sale, the chief executive officer now directly owns 140,975 shares in the company, valued at approximately $15,969,648. The disclosure for this sale can be found here. Insiders sold a total of 4,937 shares of company stock worth $554,775 in the last ninety days. 3.70% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on SJM shares. Stifel Nicolaus decreased their target price on J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Guggenheim decreased their target price on J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a research note on Wednesday, August 28th. Wells Fargo & Co reissued a “market perform” rating and set a $107.00 target price (down previously from $114.00) on shares of J M Smucker in a research note on Wednesday, August 28th. ValuEngine raised J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. Finally, TheStreet lowered J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $116.70.

J M Smucker Company 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.

Featured Story: Margin

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).

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

Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Eaton Vance FloatingRate Incme Plus Fund  Announces Monthly Dividend of $0.09
Eaton Vance FloatingRate Incme Plus Fund Announces Monthly Dividend of $0.09
Woodward, Inc.Common Stock  Expected to Earn Q1 2020 Earnings of $1.08 Per Share
Woodward, Inc.Common Stock Expected to Earn Q1 2020 Earnings of $1.08 Per Share
Eaton Vance Tax-Managed Global Dive Eq Plans Monthly Dividend of $0.06
Eaton Vance Tax-Managed Global Dive Eq Plans Monthly Dividend of $0.06
Walker & Dunlop, Inc. Announces Quarterly Dividend of $0.30
Walker & Dunlop, Inc. Announces Quarterly Dividend of $0.30
RADA Electronic Ind.  Announces Quarterly  Earnings Results, Hits Estimates
RADA Electronic Ind. Announces Quarterly Earnings Results, Hits Estimates
Equities Analysts Offer Predictions for Bank of Montreal’s Q4 2019 Earnings
Equities Analysts Offer Predictions for Bank of Montreal’s Q4 2019 Earnings


© 2006-2019 Ticker Report