GSA Capital Partners LLP lowered its position in J M Smucker Co (NYSE:SJM) by 74.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,995 shares of the company’s stock after selling 11,414 shares during the period. GSA Capital Partners LLP’s holdings in J M Smucker were worth $419,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sun Life Financial INC grew its holdings in shares of J M Smucker by 10,512.5% in the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after acquiring an additional 841 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of J M Smucker in the 3rd quarter worth approximately $201,000. Well Done LLC acquired a new stake in shares of J M Smucker in the 3rd quarter worth approximately $201,000. Stokes & Hubbell Capital Management LLC purchased a new stake in J M Smucker in the 3rd quarter valued at approximately $202,000. Finally, BT Investment Management Ltd purchased a new stake in J M Smucker in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 75.02% of the company’s stock.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,610 shares of company stock worth $698,093. Corporate insiders own 3.50% of the company’s stock.
Shares of J M Smucker Co (NYSE:SJM) opened at $125.55 on Friday. J M Smucker Co has a 52 week low of $99.57 and a 52 week high of $143.68. The stock has a market capitalization of $14,260.00, a P/E ratio of 25.41, a P/E/G ratio of 2.11 and a beta of 0.66. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. equities analysts forecast that J M Smucker Co will post 7.8 earnings per share for the current year.
WARNING: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.com-unik.info/2018/01/06/gsa-capital-partners-llp-lowers-position-in-j-m-smucker-co-sjm.html.
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.
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.