Huntington National Bank boosted its stake in shares of J.M. Smucker Co. (NYSE:SJM) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 65,692 shares of the company’s stock after buying an additional 3,579 shares during the period. Huntington National Bank’s holdings in J.M. Smucker were worth $10,012,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in J.M. Smucker during the first quarter valued at about $1,169,000. Canada Pension Plan Investment Board increased its stake in J.M. Smucker by 249.4% in the first quarter. Canada Pension Plan Investment Board now owns 131,842 shares of the company’s stock valued at $17,118,000 after buying an additional 94,106 shares in the last quarter. Credit Agricole S A increased its stake in J.M. Smucker by 0.3% in the first quarter. Credit Agricole S A now owns 319,771 shares of the company’s stock valued at $41,520,000 after buying an additional 933 shares in the last quarter. AMF Pensionsforsakring AB boosted its position in J.M. Smucker by 7.0% in the first quarter. AMF Pensionsforsakring AB now owns 296,709 shares of the company’s stock valued at $38,525,000 after buying an additional 19,399 shares during the last quarter. Finally, Aviva PLC boosted its position in J.M. Smucker by 11.3% in the first quarter. Aviva PLC now owns 59,437 shares of the company’s stock valued at $7,717,000 after buying an additional 6,031 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Shares of J.M. Smucker Co. (NYSE:SJM) traded up 1.00% during mid-day trading on Thursday, hitting $133.92. The company had a trading volume of 709,889 shares. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 22.02 and a beta of 0.53. J.M. Smucker Co. has a 52-week low of $111.01 and a 52-week high of $157.31. The stock’s 50-day moving average is $137.09 and its 200-day moving average is $139.23.
J.M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.74 by $0.12. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The company had revenue of $1.82 billion for the quarter. During the same period last year, the business earned $1.32 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities analysts forecast that J.M. Smucker Co. will post $7.68 earnings per share for the current year.
Several research firms recently commented on SJM. Credit Suisse Group AG reissued a “buy” rating and set a $158.00 target price on shares of J.M. Smucker in a research note on Wednesday, August 24th. Zacks Investment Research cut J.M. Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Morgan Stanley reissued a “hold” rating and set a $142.00 target price on shares of J.M. Smucker in a research note on Wednesday, August 24th. Hilliard Lyons cut J.M. Smucker from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 23rd. Finally, Susquehanna reissued a “hold” rating on shares of J.M. Smucker in a research note on Sunday, July 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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.