Edmp Inc. grew its position in shares of J M Smucker Co (NYSE:SJM) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,618 shares of the company’s stock after acquiring an additional 500 shares during the quarter. J M Smucker accounts for approximately 1.1% of Edmp Inc.’s portfolio, making the stock its 29th largest holding. Edmp Inc.’s holdings in J M Smucker were worth $1,120,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Moller Financial Services purchased a new position in J M Smucker during the 1st quarter worth $207,000. Alpha Windward LLC boosted its holdings in J M Smucker by 7.9% during the 1st quarter. Alpha Windward LLC now owns 4,898 shares of the company’s stock worth $571,000 after acquiring an additional 360 shares during the last quarter. Founders Capital Management LLC boosted its holdings in J M Smucker by 474.3% during the 1st quarter. Founders Capital Management LLC now owns 27,004 shares of the company’s stock worth $3,146,000 after acquiring an additional 22,302 shares during the last quarter. Pennsylvania Trust Co boosted its holdings in J M Smucker by 28.0% during the 1st quarter. Pennsylvania Trust Co now owns 17,230 shares of the company’s stock worth $1,586,000 after acquiring an additional 3,770 shares during the last quarter. Finally, Hodges Capital Management Inc. purchased a new position in J M Smucker during the 1st quarter worth $449,000. 77.98% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the sale, the senior vice president now directly owns 24,292 shares in the company, valued at approximately $2,498,675.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.92% of the company’s stock.
Shares of NYSE SJM traded down $0.25 during mid-day trading on Tuesday, reaching $118.93. 498,736 shares of the company’s stock were exchanged, compared to its average volume of 1,135,111. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.48 and a beta of 0.56. J M Smucker Co has a 52 week low of $91.32 and a 52 week high of $121.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44.
J M Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.23. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 EPS. Research analysts expect that J M Smucker Co will post 8.16 EPS for the current fiscal year.
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J M Smucker Profile
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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