First American Bank Acquires New Holdings in J M Smucker Co (SJM)

First American Bank acquired a new stake in shares of J M Smucker Co (NYSE:SJM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,009 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clarus Wealth Advisors bought a new position in shares of J M Smucker in the second quarter worth $109,000. CSat Investment Advisory L.P. bought a new position in shares of J M Smucker in the second quarter worth $122,000. WealthTrust Fairport LLC bought a new position in shares of J M Smucker in the first quarter worth $143,000. Squar Milner Financial Services LLC bought a new position in shares of J M Smucker in the second quarter worth $160,000. Finally, IMS Capital Management bought a new position in shares of J M Smucker in the second quarter worth $181,000. 82.77% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $110.74, for a total value of $166,110.00. Following the sale, the senior vice president now owns 26,224 shares in the company, valued at $2,904,045.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.92% of the company’s stock.

Shares of SJM stock opened at $103.80 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. J M Smucker Co has a 52-week low of $96.13 and a 52-week high of $133.38. The firm has a market capitalization of $11.67 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.87 and a beta of 0.53.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.02. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that J M Smucker Co will post 8.43 EPS for the current year.

A number of research firms have recently commented on SJM. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Credit Suisse Group raised their price target on J M Smucker from $90.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 27th. ValuEngine raised J M Smucker from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 27th. Wolfe Research lowered J M Smucker from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 26th. Finally, Bank of America reiterated a “neutral” rating and issued a $106.00 price objective on shares of J M Smucker in a research report on Wednesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. J M Smucker currently has an average rating of “Hold” and a consensus target price of $120.62.

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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