Smucker JM Co Stock in Q4 2016 Driven by Institutional Investors

Ausiliatrice Cristiano
Luglio 14, 2017

As per Thursday, June 29, the company rating was maintained by Jefferies. J.M. Smucker Company (The) comprises about 1.9% of Hamilton Point Investment Advisors LLC's investment portfolio, making the stock its 17th largest position. Ltd.'s holdings in J.M. Smucker Company (The) were worth $2,270,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Daiwa Securities Grp has invested 0.01% in J M Smucker Co (NYSE:SJM). Following the transaction, the insider now owns 47,667 shares of the company's stock, valued at approximately $5,815,374. Norges Bank bought a new stake in J.M. Smucker Company (The) during the fourth quarter valued at about $138,979,000. Fundsmith Limited Liability Partnership invested in 3.62M shares or 6.16% of the stock. Bradley Foster Sargent Ct stated it has 3,149 shares. In the last ninety days, insiders sold 16,030 shares of company stock valued at $1,948,195. Moreover, Eaton Vance Management has 0.03% invested in J M Smucker Co (NYSE:SJM).

Several institutional investors have recently modified their holdings of the company. The stock of J M Smucker Co (NYSE:SJM) has "Neutral" rating given on Thursday, September 22 by Hilliard Lyons. J.M. Smucker Company has a 52 week low of $114.84 and a 52 week high of $157.31. The company has a 50-day moving average price of $125.86 and a 200 day moving average price of $130.98.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.08. The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The business's revenue was down 1.3% compared to the same quarter a year ago. Next quarter's EPS is expected be $2.08 and the next full year EPS is projected to be $8.38. J. M. Smucker Company had 41 analyst reports since August 19, 2015 according to SRatingsIntel.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & global copyright & trademark laws. Morgan Stanley cut J.M. Smucker Company (The) from an equal weight rating to an underweight rating and lowered their target price for the company from $132.00 to $126.00 in a research note on Monday, April 10th. J.M. Smucker Company (The) now has an average rating of "Hold" and a consensus price target of $134.89. They noted that the move was a valuation call. The stock of J M Smucker Co (NYSE:SJM) has "Neutral" rating given on Monday, October 26 by Susquehanna. Jaffetilchin Investment Ptnrs Limited Liability Corporation holds 0.13% of its portfolio in J M Smucker Co (NYSE:SJM) for 3,442 shares. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a "sell" rating to a "hold" rating in a report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. The company now has a consensus rating of "Hold" and a consensus target price of $134.82. Finally, Bahl & Gaynor Inc. increased its position in shares of J.M. Smucker Company (The) by 186.9% in the first quarter. The shares were sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the purchase, the director now owns 250 shares in the company, valued at $30,152.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jill R. Penrose sold 550 shares of the business's stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the sale, the senior vice president now owns 13,475 shares of the company's stock, valued at approximately $1,618,212.75. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company's stock.

Mckinley Carter Wealth Services Inc who had been investing in Smucker J M Co for a number of months, seems to be less bullish one the $12.91B market cap company. The Company's divisions include U.S. It has a 22.47 P/E ratio. The Business's USA retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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