Numeric Investors LLC increased its holdings in shares of J.M. Smucker Company (The) (NYSE:SJM) by 78.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,600 shares of the company’s stock after acquiring an additional 8,600 shares during the quarter. Numeric Investors LLC’s holdings in J.M. Smucker Company (The) were worth $2,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new position in J.M. Smucker Company (The) during the first quarter worth about $126,000. Independence Advisors LLC acquired a new position in J.M. Smucker Company (The) during the second quarter worth about $232,000. Paradigm Asset Management Co. LLC boosted its position in J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after acquiring an additional 50 shares during the last quarter. BT Investment Management Ltd acquired a new position in J.M. Smucker Company (The) during the second quarter worth about $204,000. Finally, Allegis Investment Advisors LLC acquired a new position in J.M. Smucker Company (The) during the second quarter worth about $205,000. Hedge funds and other institutional investors own 73.35% of the company’s stock.

Shares of J.M. Smucker Company (NYSE SJM) opened at 104.24 on Friday. The stock has a market capitalization of $11.84 billion, a P/E ratio of 21.89 and a beta of 0.62. The stock has a 50 day moving average of $107.86 and a 200-day moving average of $120.55. J.M. Smucker Company has a 1-year low of $103.50 and a 1-year high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $1.86 earnings per share. J.M. Smucker Company (The)’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities research analysts predict that J.M. Smucker Company will post $7.74 earnings per share for the current fiscal year.

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

A number of equities analysts recently weighed in on SJM shares. Citigroup Inc. lowered their price target on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, August 25th. Morgan Stanley reiterated a “sell” rating and issued a $108.00 target price (down from $114.00) on shares of J.M. Smucker Company (The) in a report on Friday, August 25th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $120.00 target price (down from $126.00) on shares of J.M. Smucker Company (The) in a report on Monday, July 3rd. They noted that the move was a valuation call. 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 stock has an average rating of “Hold” and a consensus price target of $126.73.

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About J.M. Smucker Company (The)

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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