Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of J.M. Smucker Co. (NYSE:SJM) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 335,843 shares of the company’s stock after buying an additional 4,894 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in J.M. Smucker were worth $51,186,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of SJM. State Street Corp raised its stake in J.M. Smucker by 4.4% in the first quarter. State Street Corp now owns 5,218,584 shares of the company’s stock worth $677,598,000 after buying an additional 222,029 shares in the last quarter. Renaissance Technologies LLC raised its stake in J.M. Smucker by 127.6% in the first quarter. Renaissance Technologies LLC now owns 330,303 shares of the company’s stock worth $42,887,000 after buying an additional 185,200 shares during the period. Bank of Montreal Can bought a new stake in J.M. Smucker during the second quarter worth about $16,929,000. Acadian Asset Management LLC raised its stake in J.M. Smucker by 190.7% in the second quarter. Acadian Asset Management LLC now owns 165,608 shares of the company’s stock worth $25,239,000 after buying an additional 108,640 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in J.M. Smucker by 249.4% in the first quarter. Canada Pension Plan Investment Board now owns 131,842 shares of the company’s stock worth $17,118,000 after buying an additional 94,106 shares during the period. 75.66% of the stock is owned by institutional investors.
J.M. Smucker Co. (NYSE:SJM) traded down 0.34% during midday trading on Monday, hitting $133.06. The stock had a trading volume of 383,219 shares. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 21.88 and a beta of 0.53. The firm has a 50-day moving average price of $136.64 and a 200-day moving average price of $139.22. J.M. Smucker Co. has a 1-year low of $111.01 and a 1-year high of $157.31.
J.M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 earnings per share for the quarter, beating 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 business had revenue of $1.82 billion for the quarter. During the same quarter last year, the firm earned $1.32 EPS. The company’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.
A number of analysts have recently issued reports on SJM shares. Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a research report on Thursday, August 25th. Jefferies Group reduced their price target on shares of J.M. Smucker from $143.00 to $135.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. Credit Suisse Group AG lowered shares of J.M. Smucker from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $158.00 to $145.00 in a research report on Tuesday, September 27th. Hilliard Lyons raised shares of J.M. Smucker from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of J.M. Smucker from $122.00 to $128.00 and gave the stock a “sell” rating in a research report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. J.M. Smucker currently has an average rating of “Hold” and a consensus target price of $146.00.
J.M. Smucker Company Profile
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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