Mutual Advisors LLC Has $2.40 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Mutual Advisors LLC raised its stake in The J. M. Smucker Company (NYSE:SJM) by 1,074.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,355 shares of the company’s stock after purchasing an additional 21,366 shares during the period. Mutual Advisors LLC’s holdings in J. M. Smucker were worth $2,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in J. M. Smucker by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 50,742 shares of the company’s stock worth $5,533,000 after acquiring an additional 2,411 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of J. M. Smucker by 8.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 13,900 shares of the company’s stock worth $1,516,000 after purchasing an additional 1,100 shares in the last quarter. Sei Investments Co. grew its position in J. M. Smucker by 8.5% in the 2nd quarter. Sei Investments Co. now owns 104,844 shares of the company’s stock valued at $11,435,000 after purchasing an additional 8,178 shares during the period. Public Sector Pension Investment Board grew its position in J. M. Smucker by 65.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,018 shares of the company’s stock valued at $438,000 after purchasing an additional 1,586 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in J. M. Smucker by 60.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,334 shares of the company’s stock valued at $2,217,000 after purchasing an additional 7,662 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $102.58 on Friday. The firm has a market capitalization of $10.92 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.12 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $110.57 and its 200 day simple moving average is $115.19. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $2.59 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company raised their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Barclays decreased their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $125.00 in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $127.33.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.