Waldron Private Wealth LLC Takes Position in The J. M. Smucker Company (NYSE:SJM)

Waldron Private Wealth LLC acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 482 shares of the company’s stock, valued at approximately $58,000.

Several other large investors have also made changes to their positions in the company. Boston Partners purchased a new position in shares of J. M. Smucker in the 1st quarter worth about $364,990,000. Bank of Montreal Can increased its position in J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after purchasing an additional 523,803 shares in the last quarter. Ariel Investments LLC raised its holdings in J. M. Smucker by 56.0% in the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after buying an additional 486,624 shares during the period. Ilex Capital Partners UK LLP acquired a new position in J. M. Smucker during the first quarter valued at approximately $48,207,000. Finally, Champlain Investment Partners LLC grew its stake in J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after buying an additional 327,680 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $117.70 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $119.13 and a 200 day moving average price of $115.57. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The firm has a market cap of $12.50 billion, a P/E ratio of 16.53, a P/E/G ratio of 3.22 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $2.21 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SJM. TD Cowen reduced their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a research report on Thursday, August 29th. Citigroup lowered their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays cut their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Finally, BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $127.25.

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.