J M Smucker Co (SJM) Holdings Lifted by Rowland & Co. Investment Counsel ADV
Rowland & Co. Investment Counsel ADV grew its position in J M Smucker Co (NYSE:SJM) by 1.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 8,860 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in J M Smucker were worth $1,032,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SJM. Quantamental Technologies LLC purchased a new position in J M Smucker in the fourth quarter worth about $28,000. Howe & Rusling Inc. raised its holdings in shares of J M Smucker by 218.3% during the fourth quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Pinnacle Bank purchased a new position in shares of J M Smucker during the fourth quarter valued at approximately $39,000. Meeder Asset Management Inc. purchased a new position in shares of J M Smucker during the fourth quarter valued at approximately $44,000. Finally, Private Capital Group LLC purchased a new position in shares of J M Smucker during the fourth quarter valued at approximately $50,000. 77.94% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Wells Fargo & Co boosted their price objective on shares of J M Smucker from $100.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, February 25th. ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Credit Suisse Group upgraded shares of J M Smucker from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $96.00 to $120.00 in a research report on Monday. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, Citigroup boosted their target price on shares of J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. J M Smucker currently has an average rating of “Hold” and a consensus price target of $114.91.
NYSE SJM traded down $0.34 during trading hours on Wednesday, hitting $119.14. 47,345 shares of the company’s stock traded hands, compared to its average volume of 1,168,485. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.45 and a beta of 0.56. J M Smucker Co has a 52 week low of $91.32 and a 52 week high of $126.05.
J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.23. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 earnings per share. Sell-side analysts predict that J M Smucker Co will post 8.13 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 four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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