Toth Financial Advisory Corp boosted its holdings in shares of J M Smucker Co (NYSE:SJM) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,951 shares of the company’s stock after purchasing an additional 2,404 shares during the period. Toth Financial Advisory Corp’s holdings in J M Smucker were worth $1,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new position in shares of J M Smucker in the 4th quarter valued at $28,000. Howe & Rusling Inc. lifted its stake in shares of J M Smucker by 218.3% in the 4th quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Pinnacle Bank bought a new position in shares of J M Smucker in the 4th quarter valued at $39,000. Meeder Asset Management Inc. bought a new position in shares of J M Smucker in the 4th quarter valued at $44,000. Finally, Private Capital Group LLC bought a new position in shares of J M Smucker in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 77.94% of the company’s stock.

A number of research analysts have recently commented on the company. Credit Suisse Group upgraded J M Smucker from an “underperform” rating to a “neutral” rating and increased their price target for the company from $96.00 to $120.00 in a research note on Monday, April 8th. Argus assumed coverage on J M Smucker in a research note on Monday, April 1st. They issued a “hold” rating for the company. Zacks Investment Research upgraded J M Smucker from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Wednesday, March 27th. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Morgan Stanley increased their price target on J M Smucker from $98.00 to $104.00 and gave the company an “underweight” rating in a research note on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $114.91.

NYSE:SJM traded up $0.84 during trading hours on Monday, hitting $119.18. 616,507 shares of the company were exchanged, compared to its average volume of 1,143,950. The firm has a market cap of $13.59 billion, a P/E ratio of 14.97, a P/E/G ratio of 2.50 and a beta of 0.56. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. J M Smucker Co has a one year low of $91.32 and a one year high of $122.11.

J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.23. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. J M Smucker’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. As a group, equities research analysts expect that J M Smucker Co will post 8.16 EPS for the current year.

In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the transaction, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at approximately $2,498,675.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.92% of the stock is owned by company insiders.

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About J M Smucker

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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