J M Smucker Co (SJM) Holdings Boosted by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. grew its holdings in shares of J M Smucker Co (NYSE:SJM) by 16.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,124 shares of the company’s stock after buying an additional 23,512 shares during the period. J M Smucker makes up 4.2% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Tandem Investment Advisors Inc.’s holdings in J M Smucker were worth $19,120,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in J M Smucker by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 22,448 shares of the company’s stock valued at $2,303,000 after acquiring an additional 1,208 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of J M Smucker during the 3rd quarter valued at $864,000. First Republic Investment Management Inc. increased its holdings in J M Smucker by 4.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 22,152 shares of the company’s stock worth $2,273,000 after acquiring an additional 918 shares during the last quarter. Pacer Advisors Inc. increased its holdings in J M Smucker by 20.9% in the 3rd quarter. Pacer Advisors Inc. now owns 6,223 shares of the company’s stock worth $639,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Rampart Investment Management Company LLC increased its holdings in J M Smucker by 302.3% in the 3rd quarter. Rampart Investment Management Company LLC now owns 4,622 shares of the company’s stock worth $130,864,000 after acquiring an additional 3,473 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Several equities research analysts recently weighed in on SJM shares. Zacks Investment Research lowered J M Smucker from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 target price on shares of J M Smucker in a report on Friday, January 11th. ValuEngine lowered J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Guggenheim initiated coverage on J M Smucker in a report on Tuesday, January 22nd. They set a “sell” rating and a $85.00 target price for the company. Finally, Argus initiated coverage on J M Smucker in a report on Monday, April 1st. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $114.91.

Shares of SJM traded up $0.26 during trading hours on Monday, reaching $118.60. 3,268 shares of the company’s stock traded hands, compared to its average volume of 1,177,121. The company has a market cap of $13.59 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $123.46.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.23. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.50 EPS. As a group, analysts predict that J M Smucker Co will post 8.16 earnings per share for the current year.

In other news, SVP Jeannette L. Knudsen sold 1,932 shares of J M Smucker stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now owns 24,292 shares in the company, valued at approximately $2,498,675.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.92% of the company’s stock.

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J M Smucker Company 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.

Further Reading: Earnings Per Share

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

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