GSA Capital Partners LLP Lowers Position in J M Smucker Co (SJM)

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.

A number of research firms recently issued reports on SJM. Susquehanna Bancshares set a $141.00 target price on J M Smucker and gave the company a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus upped their target price on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Jefferies Group set a $130.00 target price on J M Smucker and gave the company a “buy” rating in a research note on Monday, October 30th. Wells Fargo & Co set a $128.00 target price on J M Smucker and gave the company a “hold” rating in a research note on Thursday. Finally, Morgan Stanley set a $112.00 target price on J M Smucker and gave the company a “sell” rating in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $126.92.

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.

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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.

Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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