AHL Partners LLP decreased its holdings in J.M. Smucker Company (The) (NYSE:SJM) by 28.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 48,992 shares of the company’s stock after selling 19,764 shares during the period. AHL Partners LLP’s holdings in J.M. Smucker Company (The) were worth $5,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sun Life Financial INC raised its holdings in J.M. Smucker Company (The) by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after buying an additional 841 shares during the period. Harbour Capital Advisors LLC purchased a new position in J.M. Smucker Company (The) in the first quarter valued at approximately $126,000. Paradigm Asset Management Co. LLC raised its holdings in J.M. Smucker Company (The) by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after buying an additional 50 shares during the period. BT Investment Management Ltd purchased a new position in J.M. Smucker Company (The) in the second quarter valued at approximately $204,000. Finally, Allegis Investment Advisors LLC purchased a new position in J.M. Smucker Company (The) in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 73.35% of the company’s stock.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of J.M. Smucker Company (The) in a report on Wednesday. Susquehanna Bancshares Inc set a $131.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Wednesday, August 23rd. Deutsche Bank AG restated a “hold” rating and issued a $131.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Finally, Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $140.00 in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $126.73.

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Shares of J.M. Smucker Company (NYSE SJM) opened at 105.60 on Friday. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 22.18 and a beta of 0.62. J.M. Smucker Company has a 1-year low of $103.50 and a 1-year high of $143.68. The stock’s 50 day moving average is $108.39 and its 200-day moving average is $120.79.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 EPS. On average, analysts anticipate that J.M. Smucker Company will post $7.74 EPS for the current year.

In related news, insider Richard K. Smucker bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the transaction, the insider now directly owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary A. Oatey bought 1,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $107.30 per share, with a total value of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.

J.M. Smucker Company (The) Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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

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