Vest Financial LLC Raises Holdings in The J. M. Smucker Company (NYSE:SJM)

Vest Financial LLC increased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,812 shares of the company's stock after acquiring an additional 38,460 shares during the quarter. Vest Financial LLC owned approximately 0.39% of J. M. Smucker worth $50,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AMF Tjanstepension AB bought a new position in shares of J. M. Smucker in the first quarter worth approximately $23,990,000. Assenagon Asset Management S.A. grew its holdings in J. M. Smucker by 6,703.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company's stock worth $17,433,000 after acquiring an additional 157,523 shares during the last quarter. Cetera Investment Advisers increased its position in shares of J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company's stock valued at $3,043,000 after acquiring an additional 9,250 shares during the period. Swedbank AB raised its stake in shares of J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company's stock valued at $13,915,000 after acquiring an additional 15,792 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of J. M. Smucker by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company's stock worth $7,151,000 after purchasing an additional 11,622 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Up 0.4 %

Shares of J. M. Smucker stock traded up $0.48 during midday trading on Friday, hitting $121.73. The company had a trading volume of 920,624 shares, compared to its average volume of 797,924. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The stock has a market capitalization of $12.95 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.22 and a beta of 0.24. The company has a 50 day moving average of $119.09 and a 200 day moving average of $115.58.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 earnings per share. On average, equities analysts predict that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. TD Cowen decreased their target price on J. M. Smucker from $135.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, August 29th. DA Davidson reissued a "neutral" rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Barclays dropped their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. Finally, Bank of America reduced their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and an average target price of $127.25.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.