Fmr LLC Has $445.96 Million Stake in J M Smucker Co (SJM)

Fmr LLC reduced its stake in J M Smucker Co (NYSE:SJM) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,770,104 shares of the company’s stock after selling 1,408,002 shares during the period. Fmr LLC owned approximately 4.19% of J M Smucker worth $445,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in J M Smucker by 11.9% in the 3rd quarter. Alliancebernstein L.P. now owns 212,390 shares of the company’s stock valued at $21,793,000 after acquiring an additional 22,565 shares in the last quarter. Janus Henderson Group PLC grew its position in J M Smucker by 6.6% in the 3rd quarter. Janus Henderson Group PLC now owns 62,187 shares of the company’s stock valued at $6,381,000 after acquiring an additional 3,856 shares in the last quarter. American International Group Inc. grew its position in shares of J M Smucker by 6.0% during the third quarter. American International Group Inc. now owns 47,182 shares of the company’s stock worth $4,841,000 after buying an additional 2,673 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of J M Smucker by 5.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 10,221 shares of the company’s stock worth $1,114,000 after buying an additional 520 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of J M Smucker by 1,800.9% during the third quarter. Canada Pension Plan Investment Board now owns 28,020 shares of the company’s stock worth $2,875,000 after buying an additional 26,546 shares in the last quarter. Institutional investors own 77.93% of the company’s stock.

SJM stock opened at $115.73 on Tuesday. The company has a market cap of $13.25 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.56. J M Smucker Co has a fifty-two week low of $91.32 and a fifty-two week high of $126.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44.

J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.24. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.50 earnings per share. As a group, sell-side analysts anticipate that J M Smucker Co will post 8.13 earnings per share for the current fiscal year.

In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now owns 24,292 shares in the company, valued at $2,498,675.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.92% of the stock is owned by insiders.

SJM has been the subject of a number of analyst reports. Zacks Investment Research downgraded J M Smucker from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the stock a “hold” rating in a research report on Thursday, December 20th. Jefferies Financial Group reissued a “buy” rating and set a $125.00 price objective on shares of J M Smucker in a research report on Friday, January 11th. Finally, Guggenheim initiated coverage on J M Smucker in a research report on Tuesday, January 22nd. They set a “sell” rating and a $85.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $114.17.

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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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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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