PVG Asset Management Corp increased its holdings in shares of J.M. Smucker Company (The) (NYSE:SJM) by 107.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 65,330 shares of the company’s stock after purchasing an additional 33,777 shares during the period. J.M. Smucker Company (The) makes up approximately 2.9% of PVG Asset Management Corp’s holdings, making the stock its 11th largest position. PVG Asset Management Corp owned 0.06% of J.M. Smucker Company (The) worth $7,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Nordea Investment Management AB raised its holdings in J.M. Smucker Company (The) by 1.3% in the 1st quarter. Nordea Investment Management AB now owns 4,636 shares of the company’s stock valued at $608,000 after acquiring an additional 59 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in J.M. Smucker Company (The) in the 1st quarter valued at approximately $7,217,000. NN Investment Partners Holdings N.V. raised its holdings in J.M. Smucker Company (The) by 11.2% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 113,816 shares of the company’s stock valued at $14,920,000 after acquiring an additional 11,480 shares in the last quarter. M&T Bank Corp raised its holdings in J.M. Smucker Company (The) by 3.5% in the 1st quarter. M&T Bank Corp now owns 88,390 shares of the company’s stock valued at $11,586,000 after acquiring an additional 2,987 shares in the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in J.M. Smucker Company (The) in the 1st quarter valued at approximately $50,982,000. 73.35% of the stock is owned by institutional investors and hedge funds.

J.M. Smucker Company (SJM) traded down 1.29% during midday trading on Friday, hitting $104.24. The stock had a trading volume of 1,250,196 shares. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.62. The company’s 50 day moving average is $107.86 and its 200 day moving average is $120.55. 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 released its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that J.M. Smucker Company will post $7.74 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “J.M. Smucker Company (The) (SJM) Shares Bought by PVG Asset Management Corp” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/08/j-m-smucker-company-the-sjm-shares-bought-by-pvg-asset-management-corp.html.

In other J.M. Smucker Company (The) news, Director Gary A. Oatey purchased 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $107.30 per share, for a total transaction of $107,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard K. Smucker purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the transaction, the insider now owns 652,168 shares of the company’s stock, 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 insiders.

Several equities analysts have commented on SJM shares. Stephens cut J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Morgan Stanley reaffirmed an “underweight” rating and issued a $114.00 price target (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Hilliard Lyons raised J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price target for the company in a report on Tuesday, July 11th. They noted that the move was a valuation call. Finally, BidaskClub raised J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and an average target price of $126.73.

J.M. Smucker Company (The) Company 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)

Receive News & Stock Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related stocks with our FREE daily email newsletter.