Sumitomo Mitsui DS Asset Management Company Ltd Has $1.35 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,110 shares of the company’s stock after purchasing an additional 340 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in J. M. Smucker were worth $1,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hengehold Capital Management LLC grew its position in J. M. Smucker by 27.0% in the third quarter. Hengehold Capital Management LLC now owns 2,935 shares of the company’s stock valued at $355,000 after acquiring an additional 624 shares during the last quarter. Probity Advisors Inc. grew its position in J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the last quarter. SPC Financial Inc. bought a new position in J. M. Smucker in the third quarter valued at about $233,000. Vontobel Holding Ltd. grew its position in J. M. Smucker by 30.2% in the third quarter. Vontobel Holding Ltd. now owns 64,199 shares of the company’s stock valued at $7,774,000 after acquiring an additional 14,896 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of J. M. Smucker by 2.2% during the third quarter. Swedbank AB now owns 130,460 shares of the company’s stock worth $15,799,000 after purchasing an additional 2,842 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM opened at $117.70 on Wednesday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The business’s 50 day moving average price is $119.14 and its two-hundred day moving average price is $115.56. The firm has a market cap of $12.50 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping 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 company had revenue of $2.13 billion for 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. J. M. Smucker’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SJM. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. 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 report on Thursday, August 29th. Wells Fargo & Company reduced their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Barclays reduced their price target on 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, DA Davidson reiterated a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.