Douglass Winthrop Advisors LLC decreased its position in shares of J M Smucker Co (NYSE:SJM) by 86.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,839 shares of the company’s stock after selling 69,221 shares during the period. Douglass Winthrop Advisors LLC’s holdings in J M Smucker were worth $1,112,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SJM. Cascade Investment Advisors Inc. grew its stake in shares of J M Smucker by 8.3% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 12,634 shares of the company’s stock worth $1,296,000 after buying an additional 970 shares during the last quarter. Founders Capital Management LLC grew its stake in shares of J M Smucker by 99.6% in the 3rd quarter. Founders Capital Management LLC now owns 4,702 shares of the company’s stock worth $479,000 after buying an additional 2,346 shares during the last quarter. Curbstone Financial Management Corp grew its stake in shares of J M Smucker by 10.3% in the 3rd quarter. Curbstone Financial Management Corp now owns 15,470 shares of the company’s stock worth $1,587,000 after buying an additional 1,450 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of J M Smucker in the 3rd quarter worth approximately $1,502,000. Finally, DNB Asset Management AS grew its stake in shares of J M Smucker by 18.0% in the 3rd quarter. DNB Asset Management AS now owns 20,637 shares of the company’s stock worth $2,118,000 after buying an additional 3,152 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.
SJM has been the topic of several analyst reports. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Credit Suisse Group set a $95.00 price objective on J M Smucker and gave the company a “sell” rating in a research report on Friday, September 21st. Wolfe Research cut J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. ValuEngine cut J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Finally, Bank of America reaffirmed a “neutral” rating and issued a $106.00 price objective on shares of J M Smucker in a research report on Wednesday, October 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $120.62.
SJM stock opened at $103.16 on Friday. The company has a market capitalization of $11.67 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.87 and a beta of 0.53. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. J M Smucker Co has a 12-month low of $96.13 and a 12-month high of $133.38.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, August 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. As a group, analysts forecast that J M Smucker Co will post 8.43 EPS for the current year.
In other news, insider Mark T. Smucker sold 2,500 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $111.02, for a total transaction of $277,550.00. Following the transaction, the insider now directly owns 121,179 shares of the company’s stock, valued at approximately $13,453,292.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeannette L. Knudsen sold 1,500 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total value of $166,110.00. Following the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at $2,904,045.76. The disclosure for this sale can be found here. 3.92% of the stock is owned by corporate insiders.
J M Smucker Profile
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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