QUANTRES ASSET MANAGEMENT Ltd Purchases Shares of 7,100 J M Smucker Co (SJM)

QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of J M Smucker Co (NYSE:SJM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,100 shares of the company’s stock, valued at approximately $729,000.

Several other large investors have also recently made changes to their positions in SJM. Clarus Wealth Advisors acquired a new position in shares of J M Smucker during the 2nd quarter worth approximately $109,000. Moody Aldrich Partners LLC acquired a new position in shares of J M Smucker during the 2nd quarter worth approximately $115,111,000. CSat Investment Advisory L.P. acquired a new position in shares of J M Smucker during the 2nd quarter worth approximately $122,000. Squar Milner Financial Services LLC acquired a new position in shares of J M Smucker during the 2nd quarter worth approximately $160,000. Finally, Truvestments Capital LLC acquired a new position in shares of J M Smucker during the 3rd quarter worth approximately $154,000. 82.61% of the stock is currently owned by institutional investors and hedge funds.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,500 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at approximately $2,904,045.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.92% of the company’s stock.



Several research analysts recently issued reports on SJM shares. Wolfe Research downgraded J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. Credit Suisse Group set a $95.00 price objective on J M Smucker and gave the stock a “sell” rating in a research report on Friday, September 21st. ValuEngine downgraded J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, Bank of America restated a “neutral” rating and set a $106.00 price objective on shares of J M Smucker in a research report on Wednesday, October 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $120.62.

Shares of SJM opened at $107.71 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 0.51. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.97 and a beta of 0.53. J M Smucker Co has a fifty-two week low of $96.13 and a fifty-two week high of $133.38.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, August 21st. The company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.02. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. J M Smucker’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. On average, analysts forecast that J M Smucker Co will post 8.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 16th will be issued a $0.85 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.40 annualized dividend and a yield of 3.16%. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.

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.

Further Reading: What is a Fiduciary?

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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