Retirement Systems of Alabama boosted its stake in J.M. Smucker Co. (NYSE:SJM) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 61,015 shares of the company’s stock after buying an additional 373 shares during the period. Retirement Systems of Alabama’s holdings in J.M. Smucker were worth $9,299,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the company. Carroll Financial Associates Inc. increased its stake in shares of J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock valued at $103,000 after buying an additional 95 shares during the period. City Holding Co. acquired a new stake in shares of J.M. Smucker during the second quarter valued at $110,000. Mitchell Sinkler & Starr PA acquired a new stake in shares of J.M. Smucker during the second quarter valued at $210,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of J.M. Smucker during the second quarter valued at $215,000. Finally, Adirondack Trust Co. increased its stake in shares of J.M. Smucker by 7.5% in the second quarter. Adirondack Trust Co. now owns 1,795 shares of the company’s stock valued at $274,000 after buying an additional 125 shares during the period. 75.66% of the stock is currently owned by institutional investors.
J.M. Smucker Co. (NYSE:SJM) traded down 0.02% during midday trading on Thursday, hitting $133.08. 510,812 shares of the stock were exchanged. The firm’s 50-day moving average is $139.28 and its 200 day moving average is $139.10. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 21.88 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.
J.M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 earnings per share 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 business earned $1.82 billion during the quarter. During the same period in the prior year, the company earned $1.32 EPS. J.M. Smucker’s quarterly revenue was down 7.0% on a year-over-year basis. Equities research analysts expect that J.M. Smucker Co. will post $7.68 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of J.M. Smucker in a research note on Tuesday. Credit Suisse Group AG downgraded shares of J.M. Smucker from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $158.00 to $145.00 in a research note on Tuesday, September 27th. Hilliard Lyons upgraded shares of J.M. Smucker from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 22nd. Susquehanna reiterated a “hold” rating and set a $139.00 target price on shares of J.M. Smucker in a research note on Tuesday, September 6th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of J.M. Smucker in a research note on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $146.80.
J.M. Smucker 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.