Cardinal Capital Management Inc. lifted its position in shares of J M Smucker Co (NYSE:SJM) by 5.4% in the fourth quarter, Holdings Channel reports. The fund owned 112,985 shares of the company’s stock after buying an additional 5,740 shares during the period. Cardinal Capital Management Inc.’s holdings in J M Smucker were worth $14,037,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Koch Industries Inc. bought a new stake in shares of J M Smucker during the second quarter worth $495,000. Shell Asset Management Co. grew its stake in shares of J M Smucker by 828.6% during the third quarter. Shell Asset Management Co. now owns 103,685 shares of the company’s stock worth $10,264,000 after purchasing an additional 92,519 shares during the period. Moors & Cabot Inc. grew its stake in shares of J M Smucker by 43.8% during the second quarter. Moors & Cabot Inc. now owns 10,641 shares of the company’s stock worth $1,268,000 after purchasing an additional 3,239 shares during the period. PVG Asset Management Corp grew its stake in shares of J M Smucker by 107.0% during the second quarter. PVG Asset Management Corp now owns 65,330 shares of the company’s stock worth $7,730,000 after purchasing an additional 33,777 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of J M Smucker during the third quarter worth $201,000. Institutional investors own 74.98% of the company’s stock.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,610 shares of company stock valued at $698,093. Insiders own 3.50% of the company’s stock.
J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. The company’s revenue was up .5% on a year-over-year basis. equities analysts expect that J M Smucker Co will post 7.79 earnings per share for the current year.
A number of equities research analysts recently commented on the company. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Susquehanna Bancshares set a $150.00 price objective on J M Smucker and gave the stock a “buy” rating in a research note on Thursday, January 4th. Wells Fargo & Co set a $128.00 price objective on J M Smucker and gave the stock a “hold” rating in a research note on Thursday, January 4th. Stifel Nicolaus lifted their price objective on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, Morgan Stanley set a $112.00 price objective on J M Smucker and gave the stock a “sell” rating in a research note on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. J M Smucker presently has an average rating of “Hold” and a consensus price target of $127.75.
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J M Smucker 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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