Tokio Marine Asset Management Co. Ltd. boosted its position in J.M. Smucker Co. (NYSE:SJM) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 3,390 shares of the company’s stock after buying an additional 26 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in J.M. Smucker were worth $517,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SJM. Carroll Financial Associates Inc. boosted its stake in J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock worth $103,000 after buying an additional 95 shares in the last quarter. City Holding Co. purchased a new stake in J.M. Smucker during the second quarter worth $110,000. Mitchell Sinkler & Starr PA purchased a new stake in J.M. Smucker during the second quarter worth $210,000. Neville Rodie & Shaw Inc. purchased a new stake in J.M. Smucker during the second quarter worth $215,000. Finally, Aviance Capital Management LLC purchased a new stake in J.M. Smucker during the second quarter worth $218,000. Institutional investors and hedge funds own 75.66% of the company’s stock.
Shares of J.M. Smucker Co. (NYSE:SJM) traded down 0.11% on Friday, hitting $132.94. The company’s stock had a trading volume of 718,267 shares. J.M. Smucker Co. has a 52 week low of $111.01 and a 52 week high of $157.31. The stock’s 50 day moving average is $138.67 and its 200-day moving average is $139.13. The company has a market cap of $15.48 billion, a price-to-earnings ratio of 21.86 and a beta of 0.53.
J.M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.12. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The firm had revenue of $1.82 billion for the quarter. During the same period in the previous year, the firm earned $1.32 EPS. J.M. Smucker’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts anticipate that J.M. Smucker Co. will post $7.68 earnings per share for the current year.
SJM has been the topic of a number of research reports. Deutsche Bank AG set a $165.00 price target on J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. restated a “buy” rating on shares of J.M. Smucker in a report on Sunday, June 12th. Stephens reiterated a “buy” rating on shares of J.M. Smucker in a report on Monday, June 13th. Credit Suisse Group AG reiterated a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $146.80.
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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