Culbertson A N & Co. Inc. Trims Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Culbertson A N & Co. Inc. trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,150 shares of the company’s stock after selling 213 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in J. M. Smucker were worth $1,350,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker in the second quarter worth about $26,000. Quarry LP increased its stake in shares of 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 acquiring an additional 219 shares during the last quarter. Trivant Custom Portfolio Group LLC purchased a new stake in shares of J. M. Smucker during the third quarter worth $42,000. Rothschild Investment LLC acquired a new stake in J. M. Smucker during the second quarter valued at $42,000. Finally, Central Valley Advisors LLC purchased a new position in J. M. Smucker in the second quarter valued at about $45,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SJM. TD Cowen cut their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company decreased their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Citigroup decreased 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. Finally, Barclays cut their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $127.25.

J. M. Smucker Trading Up 0.9 %

J. M. Smucker stock opened at $121.64 on Thursday. 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 firm has a market capitalization of $12.94 billion, a PE ratio of 17.21, a PEG ratio of 3.13 and a beta of 0.24. The business’s 50-day simple moving average is $118.97 and its 200-day simple moving average is $115.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.13 billion. During the same period in the previous year, the business posted $2.21 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts forecast that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

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.