Tudor Investment Corp ET AL raised its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 220.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,777 shares of the company’s stock after acquiring an additional 3,977 shares during the period. Tudor Investment Corp ET AL’s holdings in J.M. Smucker Company (The) were worth $684,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC bought a new stake in J.M. Smucker Company (The) during the first quarter valued at about $126,000. Independence Advisors LLC bought a new stake in J.M. Smucker Company (The) during the second quarter valued at about $232,000. Paradigm Asset Management Co. LLC boosted its holdings in J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after acquiring an additional 50 shares during the period. BT Investment Management Ltd bought a new stake in J.M. Smucker Company (The) during the second quarter valued at about $204,000. Finally, Allegis Investment Advisors LLC bought a new stake in J.M. Smucker Company (The) during the second quarter valued at about $205,000. Institutional investors own 73.35% of the company’s stock.

SJM has been the subject of a number of recent analyst reports. Citigroup Inc. decreased their price target on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a report on Friday, August 25th. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $140.00 in a report on Friday, July 28th. Stephens cut shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Credit Suisse Group set a $110.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Friday, August 25th. Finally, Susquehanna Bancshares Inc set a $131.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $126.73.

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Shares of J.M. Smucker Company (SJM) opened at 104.24 on Friday. The company has a 50 day moving average of $107.86 and a 200 day moving average of $120.55. The company has a market cap of $11.84 billion, a PE ratio of 21.89 and a beta of 0.62. J.M. Smucker Company has a 1-year low of $103.50 and a 1-year high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted $1.86 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts expect that J.M. Smucker Company will post $7.74 earnings per share for the current fiscal year.

In related news, Director Gary A. Oatey purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $107.30 per share, for a total transaction of $107,300.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard K. Smucker purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the purchase, the insider now owns 652,168 shares in the company, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by corporate insiders.

J.M. Smucker Company (The) Profile

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.

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

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