The J. M. Smucker Company (NYSE:SJM) Shares Sold by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,150 shares of the company’s stock after selling 213 shares during the period. Culbertson A N & Co. Inc.’s holdings in J. M. Smucker were worth $1,350,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of J. M. Smucker by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after buying an additional 518,433 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of J. M. Smucker during the first quarter worth about $23,990,000. Goldman Sachs Group Inc. increased its position in shares of J. M. Smucker by 23.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 419,134 shares of the company’s stock worth $52,970,000 after purchasing an additional 78,807 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of J. M. Smucker by 6,703.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after purchasing an additional 157,523 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of J. M. Smucker by 62.0% in the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after purchasing an additional 9,250 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $121.64 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The firm has a market capitalization of $12.94 billion, a P/E ratio of 17.21, a PEG ratio of 3.13 and a beta of 0.24. The company’s fifty day moving average is $118.97 and its two-hundred day moving average is $115.62.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. Analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on SJM shares. TD Cowen cut their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, Bank of America decreased their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $127.25.

J. M. Smucker Company 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.