GSA Capital Partners LLP Has $419,000 Position in J M Smucker Co (SJM)

GSA Capital Partners LLP reduced its stake in shares of 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 & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SJM. BlackRock Inc. lifted its holdings in shares of J M Smucker by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after buying an additional 578,984 shares during the period. Dai Ichi Life Insurance Company Ltd lifted its stake in shares of J M Smucker by 7.8% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,500 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of J M Smucker during the 2nd quarter worth $495,000. Victory Capital Management Inc. lifted its stake in shares of J M Smucker by 17.2% during the 2nd quarter. Victory Capital Management Inc. now owns 15,602 shares of the company’s stock worth $1,846,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in shares of J M Smucker by 828.6% during the 3rd quarter. Shell Asset Management Co. now owns 103,685 shares of the company’s stock worth $10,264,000 after purchasing an additional 92,519 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

J M Smucker Co (NYSE SJM) opened at $123.43 on Friday. The firm has a market capitalization of $13,989.54, a P/E ratio of 24.94, a PEG ratio of 2.10 and a beta of 0.66. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.

J M Smucker (NYSE:SJM) last released its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $2.05 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts expect that J M Smucker Co will post 7.8 EPS for the current year.

SJM has been the subject of a number of analyst reports. Jefferies Group set a $130.00 price objective on J M Smucker and gave the stock a “buy” rating in a research note on Monday, October 30th. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the company a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus increased their price target 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. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group set a $110.00 price objective on J M Smucker and gave the company a “hold” rating in a report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. J M Smucker currently has a consensus rating of “Hold” and a consensus price target of $127.75.

In related news, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is currently owned by company insiders.

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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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