Billeaud Capital Management Inc. trimmed its stake in J M Smucker Co (NYSE:SJM) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,989 shares of the company’s stock after selling 251 shares during the quarter. J M Smucker accounts for 0.9% of Billeaud Capital Management Inc.’s portfolio, making the stock its 23rd largest position. Billeaud Capital Management Inc.’s holdings in J M Smucker were worth $1,682,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. bought a new position in J M Smucker during the third quarter valued at approximately $103,000. Moody Aldrich Partners LLC acquired a new stake in shares of J M Smucker in the second quarter worth $115,111,000. Truvestments Capital LLC acquired a new stake in shares of J M Smucker in the third quarter worth $154,000. CWM LLC grew its stake in shares of J M Smucker by 347.5% in the third quarter. CWM LLC now owns 1,763 shares of the company’s stock worth $181,000 after acquiring an additional 1,369 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of J M Smucker in the second quarter worth $202,000. 79.30% of the stock is owned by institutional investors and hedge funds.
Shares of J M Smucker stock traded up $0.71 during trading on Friday, reaching $102.19. The company’s stock had a trading volume of 717,082 shares, compared to its average volume of 1,120,310. The company has a quick ratio of 0.57, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. J M Smucker Co has a one year low of $91.32 and a one year high of $133.38. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 2.09 and a beta of 0.50.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.12). J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm earned $2.02 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that J M Smucker Co will post 8.03 EPS for the current year.
In other J M Smucker news, Chairman Richard K. Smucker acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average cost of $103.09 per share, for a total transaction of $2,061,800.00. Following the transaction, the chairman now owns 681,387 shares of the company’s stock, valued at $70,244,185.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathryn W. Dindo acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was acquired at an average price of $92.20 per share, with a total value of $46,100.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 32,000 shares of company stock valued at $3,234,860. Corporate insiders own 3.92% of the company’s stock.
Several brokerages have recently issued reports on SJM. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine cut J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Jefferies Financial Group reissued a “buy” rating and set a $125.00 price objective on shares of J M Smucker in a report on Friday. Morgan Stanley cut their price objective on J M Smucker from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Thursday, November 29th. Finally, Credit Suisse Group set a $120.00 price target on J M Smucker and gave the company a “hold” rating in a report on Thursday, December 20th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $119.50.
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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