Advisory Services Network LLC increased its holdings in shares of J M Smucker Co (NYSE:SJM) by 21.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 742 shares of the company’s stock after purchasing an additional 131 shares during the quarter. Advisory Services Network LLC’s holdings in J M Smucker were worth $87,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Allstate Corp grew its stake in J M Smucker by 48.8% during the 1st quarter. Allstate Corp now owns 3,304 shares of the company’s stock valued at $385,000 after purchasing an additional 1,084 shares during the last quarter. GYL Financial Synergies LLC purchased a new stake in J M Smucker during the 1st quarter valued at about $626,000. Accident Compensation Corp lifted its holdings in shares of J M Smucker by 15.4% in the 1st quarter. Accident Compensation Corp now owns 13,500 shares of the company’s stock valued at $1,573,000 after buying an additional 1,800 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of J M Smucker in the 1st quarter valued at about $1,004,000. Finally, Marshall Wace LLP acquired a new position in shares of J M Smucker in the 1st quarter valued at about $1,004,000. Hedge funds and other institutional investors own 77.81% of the company’s stock.
Shares of NYSE SJM traded down $0.12 during mid-day trading on Thursday, hitting $115.89. The company had a trading volume of 416,777 shares, compared to its average volume of 984,379. J M Smucker Co has a 1-year low of $91.32 and a 1-year high of $128.43. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. The stock has a market cap of $13.17 billion, a P/E ratio of 13.98, a PEG ratio of 3.36 and a beta of 0.45. The business’s 50-day moving average price is $120.12.
Several equities analysts have recently issued reports on the company. Argus initiated coverage on J M Smucker in a report on Monday, April 1st. They issued a “hold” rating for the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Zacks Investment Research cut GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Morgan Stanley set a $156.00 target price on Mongodb and gave the company a “hold” rating in a report on Friday, June 7th. Finally, Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $116.11.
In other news, insider Joseph Stanziano sold 319 shares of J M Smucker stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $119.20, for a total transaction of $38,024.80. Following the completion of the sale, the insider now directly owns 14,857 shares in the company, valued at approximately $1,770,954.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.
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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