Sumitomo Mitsui Trust Holdings Inc. raised its position in J.M. Smucker Co. (NYSE:SJM) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,843 shares of the company’s stock after buying an additional 4,894 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of J.M. Smucker worth $51,186,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pacific Global Investment Management CO increased its stake in shares of J.M. Smucker by 1.3% in the first quarter. Pacific Global Investment Management CO now owns 40,738 shares of the company’s stock worth $5,289,000 after buying an additional 539 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of J.M. Smucker during the first quarter worth approximately $2,136,000. Meeder Asset Management Inc. purchased a new stake in shares of J.M. Smucker during the first quarter worth approximately $360,000. State Street Corp increased its stake in shares of J.M. Smucker by 4.4% in the first quarter. State Street Corp now owns 5,218,584 shares of the company’s stock worth $677,598,000 after buying an additional 222,029 shares during the period. Finally, Cypress Wealth Advisors LLC increased its stake in shares of J.M. Smucker by 1.2% in the first quarter. Cypress Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $268,000 after buying an additional 25 shares during the period. Institutional investors own 75.66% of the company’s stock.

Institutional Ownership by Quarter for J.M. Smucker (NYSE:SJM)

J.M. Smucker Co. (NYSE:SJM) traded down 0.34% on Monday, hitting $133.06. 383,219 shares of the stock were exchanged. The company has a market cap of $15.49 billion, a P/E ratio of 21.88 and a beta of 0.53. J.M. Smucker Co. has a one year low of $111.01 and a one year high of $157.31. The company’s 50 day moving average price is $136.64 and its 200-day moving average price is $139.22.

J.M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.12. J.M. Smucker had a net margin of 9.41% and a return on equity of 11.76%. The company earned $1.82 billion during the quarter. During the same period in the prior year, the company posted $1.32 earnings per share. J.M. Smucker’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities research analysts predict that J.M. Smucker Co. will post $7.68 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Susquehanna reiterated a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. Credit Suisse Group AG reiterated a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Hilliard Lyons downgraded shares of J.M. Smucker from a “neutral” rating to an “underperform” rating in a report on Thursday, June 23rd. JPMorgan Chase & Co. lifted their price target on shares of J.M. Smucker from $122.00 to $128.00 and gave the stock a “sell” rating in a report on Monday, June 20th. Finally, Deutsche Bank AG set a $165.00 price target on shares of J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. J.M. Smucker currently has an average rating of “Hold” and an average price target of $146.00.

About J.M. Smucker

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

5 Day Chart for NYSE:SJM

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