Campbell & CO Investment Adviser LLC Takes $266,000 Position in J M Smucker Co (NYSE:SJM)

Campbell & CO Investment Adviser LLC purchased a new stake in J M Smucker Co (NYSE:SJM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,416 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors also recently added to or reduced their stakes in the company. Guinness Asset Management Ltd raised its stake in shares of J M Smucker by 52.7% in the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the period. Whitener Capital Management Inc. raised its stake in shares of J M Smucker by 52.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in shares of J M Smucker in the 2nd quarter valued at approximately $37,000. Perkins Coie Trust Co purchased a new stake in shares of J M Smucker in the 2nd quarter valued at approximately $45,000. Finally, TD Capital Management LLC grew its holdings in shares of J M Smucker by 39,500.0% in the second quarter. TD Capital Management LLC now owns 396 shares of the company’s stock valued at $46,000 after purchasing an additional 395 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of SJM stock opened at $107.62 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.26 and a current ratio of 0.70. The stock has a market capitalization of $12.35 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 3.49 and a beta of 0.43. The company has a 50 day moving average price of $107.07 and a 200 day moving average price of $115.97. J M Smucker Co has a fifty-two week low of $91.32 and a fifty-two week high of $128.43.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.17). J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, research analysts forecast that J M Smucker Co will post 8.37 EPS for the current fiscal year.

In other news, SVP Geoff E. Tanner purchased 1,000 shares of the stock in a transaction on Thursday, August 29th. The stock was bought at an average price of $103.42 per share, for a total transaction of $103,420.00. Following the acquisition, the senior vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $1,454,395.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark R. Belgya sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $110.00, for a total transaction of $82,500.00. Following the transaction, the chief financial officer now owns 53,442 shares of the company’s stock, valued at approximately $5,878,620. The disclosure for this sale can be found here. Insiders have sold a total of 4,937 shares of company stock valued at $554,775 in the last quarter. 3.70% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on SJM shares. Stifel Nicolaus dropped their price objective on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. TheStreet cut shares of J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Wells Fargo & Co restated a “market perform” rating and issued a $107.00 price objective (down previously from $114.00) on shares of J M Smucker in a report on Wednesday, August 28th. Citigroup dropped their price objective on shares of J M Smucker from $142.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Guggenheim dropped their price objective on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $116.70.

J M Smucker Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

See Also: Stock Symbol

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

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