D.B. Root & Company LLC Purchases 289 Shares of The J. M. Smucker Company (NYSE:SJM)

D.B. Root & Company LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,596 shares of the company’s stock after buying an additional 289 shares during the quarter. D.B. Root & Company LLC’s holdings in J. M. Smucker were worth $1,057,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of J. M. Smucker by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,742 shares of the company’s stock valued at $5,533,000 after purchasing an additional 2,411 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in J. M. Smucker by 8.6% in the second quarter. Canada Pension Plan Investment Board now owns 13,900 shares of the company’s stock worth $1,516,000 after buying an additional 1,100 shares in the last quarter. Sei Investments Co. raised its stake in J. M. Smucker by 8.5% in the second quarter. Sei Investments Co. now owns 104,844 shares of the company’s stock worth $11,435,000 after buying an additional 8,178 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in J. M. Smucker during the second quarter worth $205,000. Finally, Public Sector Pension Investment Board boosted its position in J. M. Smucker by 65.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,018 shares of the company’s stock valued at $438,000 after acquiring an additional 1,586 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SJM. Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays decreased their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $125.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $127.33.

J. M. Smucker Trading Down 1.2 %

NYSE SJM opened at $102.20 on Thursday. The J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $134.62. The company has a fifty day simple moving average of $110.73 and a two-hundred day simple moving average of $115.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $10.88 billion, a P/E ratio of 20.69, a P/E/G ratio of 3.16 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. On average, analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.