The J. M. Smucker Company (NYSE:SJM) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3,128.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,260 shares of the company’s stock after acquiring an additional 2,190 shares during the quarter. Exchange Traded Concepts LLC’s holdings in J. M. Smucker were worth $274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at $26,000. Quarry LP lifted its holdings in J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the period. Trivant Custom Portfolio Group LLC acquired a new stake in J. M. Smucker in the third quarter worth about $42,000. Rothschild Investment LLC acquired a new stake in J. M. Smucker in the second quarter worth about $42,000. Finally, Central Valley Advisors LLC acquired a new stake in J. M. Smucker in the second quarter worth about $45,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $121.73 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The firm has a market capitalization of $12.95 billion, a PE ratio of 17.22, a P/E/G ratio of 3.22 and a beta of 0.24. The firm has a 50-day moving average of $119.09 and a two-hundred day moving average of $115.58.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SJM shares. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Citigroup reduced their price objective 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. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. TD Cowen reduced their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Bank of America cut their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $127.25.

About J. M. Smucker

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.