Employees Retirement System of Texas Continues to Hold Stake in J.M. Smucker Company (The) (SJM)

Employees Retirement System of Texas maintained its stake in J.M. Smucker Company (The) (NYSE:SJM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the company’s stock at the end of the 2nd quarter. Employees Retirement System of Texas’ holdings in J.M. Smucker Company (The) were worth $828,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new stake in shares of J.M. Smucker Company (The) in the 1st quarter valued at $126,000. Paradigm Asset Management Co. LLC boosted its holdings in shares of J.M. Smucker Company (The) by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after purchasing an additional 50 shares in the last quarter. BT Investment Management Ltd acquired a new stake in shares of J.M. Smucker Company (The) in the 2nd quarter valued at $204,000. Allegis Investment Advisors LLC acquired a new stake in shares of J.M. Smucker Company (The) in the 2nd quarter valued at $205,000. Finally, First National Trust Co. acquired a new stake in shares of J.M. Smucker Company (The) in the 2nd quarter valued at $215,000. 73.25% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on SJM shares. Morgan Stanley set a $106.00 target price on J.M. Smucker Company (The) and gave the company a “sell” rating in a report on Friday, October 13th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. BidaskClub downgraded J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $120.00 target price (down previously 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. Finally, Jefferies Group LLC raised J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and raised their target price 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 issued a buy rating to the company. J.M. Smucker Company (The) has an average rating of “Hold” and a consensus price target of $126.55.

J.M. Smucker Company (NYSE:SJM) opened at 104.65 on Wednesday. J.M. Smucker Company has a 52 week low of $102.73 and a 52 week high of $143.68. The stock has a 50 day moving average price of $105.94 and a 200-day moving average price of $119.32. The company has a market capitalization of $11.89 billion, a PE ratio of 21.98 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that J.M. Smucker Company will post $7.70 earnings per share for the current fiscal year.

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In related news, insider Richard K. Smucker purchased 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 acquired 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. Corporate insiders own 3.50% of the company’s stock.

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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