D.B. Root & Company LLC Boosts Holdings in The J. M. Smucker Company (NYSE:SJM)

D.B. Root & Company LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,596 shares of the company’s stock after purchasing an additional 289 shares during the quarter. D.B. Root & Company LLC’s holdings in J. M. Smucker were worth $1,057,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SJM. Venturi Wealth Management LLC grew its stake in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $33,000. Quarry LP grew its position in shares of J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of J. M. Smucker in the third quarter worth about $39,000. Finally, Eastern Bank purchased a new stake in shares of J. M. Smucker in the third quarter worth about $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SJM shares. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $125.00 in a report on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Barclays reduced their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $127.33.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $102.20 on Thursday. The firm has a market capitalization of $10.88 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.16 and a beta of 0.28. The J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $134.62. The firm has a 50-day moving average price of $110.73 and a 200-day moving average price of $115.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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

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.