J M Smucker Co (NYSE:SJM) Shares Sold by Capital Investment Advisory Services LLC

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Capital Investment Advisory Services LLC cut its stake in J M Smucker Co (NYSE:SJM) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,980 shares of the company’s stock after selling 268 shares during the period. Capital Investment Advisory Services LLC’s holdings in J M Smucker were worth $218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SJM. Vanguard Group Inc. increased its holdings in shares of J M Smucker by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,464,058 shares of the company’s stock valued at $1,435,735,000 after purchasing an additional 179,471 shares during the period. BlackRock Inc. increased its holdings in shares of J M Smucker by 2.7% during the second quarter. BlackRock Inc. now owns 9,934,921 shares of the company’s stock valued at $1,144,403,000 after purchasing an additional 258,305 shares during the period. LSV Asset Management increased its holdings in shares of J M Smucker by 10.5% during the second quarter. LSV Asset Management now owns 4,223,812 shares of the company’s stock valued at $486,540,000 after purchasing an additional 400,006 shares during the period. Northern Trust Corp increased its holdings in shares of J M Smucker by 2.6% during the second quarter. Northern Trust Corp now owns 1,518,379 shares of the company’s stock valued at $174,903,000 after purchasing an additional 38,056 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of J M Smucker by 24.5% during the second quarter. California Public Employees Retirement System now owns 839,606 shares of the company’s stock valued at $96,714,000 after purchasing an additional 165,169 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SJM stock opened at $108.70 on Friday. The stock has a 50-day simple moving average of $107.00 and a 200 day simple moving average of $116.01. J M Smucker Co has a fifty-two week low of $91.32 and a fifty-two week high of $128.43. The stock has a market capitalization of $12.24 billion, a P/E ratio of 13.27, a P/E/G ratio of 3.46 and a beta of 0.43. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.60.

J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the business earned $1.78 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that J M Smucker Co will post 8.37 earnings per share for the current year.

In related news, CEO Mark T. Smucker sold 2,200 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $113.28, for a total transaction of $249,216.00. Following the completion of the transaction, the chief executive officer now owns 140,975 shares of the company’s stock, valued at $15,969,648. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Geoff E. Tanner bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of $103.42 per share, with a total value of $103,420.00. Following the purchase, the senior vice president now directly owns 14,063 shares of the company’s stock, valued at $1,454,395.46. The disclosure for this purchase can be found here. Insiders have sold 4,937 shares of company stock valued at $554,775 in the last ninety days. Company insiders own 3.70% of the company’s stock.

A number of research analysts have recently commented on the company. Credit Suisse Group lowered their price target on J M Smucker from $120.00 to $114.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Co reissued a “market perform” rating and set a $107.00 price target (down from $114.00) on shares of J M Smucker in a report on Wednesday, August 28th. TheStreet lowered J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Stifel Nicolaus lowered their price target on J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. Finally, Citigroup lowered their price target on J M Smucker from $142.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Two investment 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. J M Smucker currently has a consensus rating of “Hold” and a consensus target price of $116.70.

J M Smucker Company 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.

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

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