Boyd Watterson Asset Management LLC OH Buys 5,800 Shares of J M Smucker Co (SJM)
Boyd Watterson Asset Management LLC OH lifted its stake in J M Smucker Co (NYSE:SJM) by 228.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,339 shares of the company’s stock after acquiring an additional 5,800 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in J M Smucker were worth $1,036,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in SJM. Beach Investment Management LLC. acquired a new stake in shares of J M Smucker in the second quarter valued at about $730,000. Pacer Advisors Inc. grew its holdings in J M Smucker by 8.3% during the second quarter. Pacer Advisors Inc. now owns 2,648 shares of the company’s stock worth $313,000 after purchasing an additional 203 shares during the period. Commonwealth Bank of Australia grew its holdings in J M Smucker by 41.8% during the second quarter. Commonwealth Bank of Australia now owns 9,769 shares of the company’s stock worth $1,154,000 after purchasing an additional 2,880 shares during the period. AXA grew its holdings in J M Smucker by 101.9% during the second quarter. AXA now owns 40,230 shares of the company’s stock worth $4,760,000 after purchasing an additional 20,300 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd grew its holdings in J M Smucker by 7.8% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,500 shares during the period. 74.99% of the stock is currently owned by institutional investors and hedge funds.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is owned by company insiders.
SJM has been the subject of a number of research analyst reports. Morgan Stanley set a $106.00 price target on J M Smucker and gave the stock a “sell” rating in a report on Friday, October 13th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Credit Suisse Group set a $110.00 price objective on J M Smucker and gave the stock a “hold” rating in a report on Friday, November 17th. Goldman Sachs Group restated a “sell” rating on shares of J M Smucker in a report on Wednesday, October 4th. Finally, Jefferies Group set a $135.00 price objective on J M Smucker and gave the stock a “buy” rating in a report on Saturday, November 18th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. J M Smucker currently has an average rating of “Hold” and an average target price of $127.75.
J M Smucker Co (SJM) traded down $2.63 during midday trading on Thursday, hitting $124.16. 1,354,200 shares of the stock were exchanged, compared to its average volume of 1,051,057. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 52 week low of $99.57 and a 52 week high of $143.68. The firm has a market capitalization of $14,100.00, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. research analysts predict that J M Smucker Co will post 7.8 earnings per share for the current year.
J M Smucker Company 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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