J.M. Smucker Company (The) (SJM) Stake Lessened by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lowered its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,816 shares of the company’s stock after selling 496 shares during the period. First Allied Advisory Services Inc.’s holdings in J.M. Smucker Company (The) were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Cleararc Capital Inc. raised its position in shares of J.M. Smucker Company (The) by 0.4% during the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock valued at $373,000 after buying an additional 11 shares during the last quarter. Gateway Investment Advisers LLC raised its position in shares of J.M. Smucker Company (The) by 0.4% during the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock valued at $848,000 after buying an additional 26 shares during the last quarter. RiverPoint Capital Management LLC raised its position in shares of J.M. Smucker Company (The) by 1.3% during the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock valued at $273,000 after buying an additional 30 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of J.M. Smucker Company (The) by 0.3% during the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock valued at $1,440,000 after buying an additional 31 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC raised its position in shares of 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 valued at $136,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 73.37% of the company’s stock.

SJM has been the topic of several recent analyst reports. Citigroup Inc. reduced their price objective 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 restated a “sell” rating and issued a $108.00 price target (down previously from $114.00) on shares of J.M. Smucker Company (The) in a research report on Friday, August 25th. Stephens cut shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $165.00 to $125.00 in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $120.00 price target (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research report on Monday, July 3rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $126.73.

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J.M. Smucker Company (SJM) opened at 104.27 on Thursday. The company has a market cap of $11.84 billion, a PE ratio of 21.90 and a beta of 0.62. The firm’s 50-day moving average is $106.36 and its 200-day moving average is $119.81. J.M. Smucker Company has a 52-week low of $102.73 and a 52-week high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last issued 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). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $1.86 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.70 EPS for the current year.

In related news, Director Gary A. Oatey bought 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was acquired 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 can be accessed through this hyperlink. Also, insider Richard K. Smucker bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $105.40 per share, with a total value 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.

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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