Manning & Napier Group LLC Has $6.25 Million Stock Holdings in J M Smucker Co (NYSE:SJM)

Manning & Napier Group LLC increased its holdings in shares of J M Smucker Co (NYSE:SJM) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 56,802 shares of the company’s stock after purchasing an additional 1,182 shares during the period. Manning & Napier Group LLC’s holdings in J M Smucker were worth $6,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Guinness Asset Management Ltd lifted its position in shares of J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the last quarter. Whitener Capital Management Inc. raised its holdings in J M Smucker by 52.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in J M Smucker in the 2nd quarter valued at approximately $37,000. Perkins Coie Trust Co acquired a new position in J M Smucker in the 2nd quarter valued at approximately $45,000. Finally, TD Capital Management LLC raised its holdings in J M Smucker by 39,500.0% in the 2nd quarter. TD Capital Management LLC now owns 396 shares of the company’s stock valued at $46,000 after acquiring an additional 395 shares in the last quarter. 77.39% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Mark T. Smucker sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $249,216.00. Following the sale, the chief executive officer now directly owns 140,975 shares in the company, valued at approximately $15,969,648. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin G. Jackson sold 487 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $108.70, for a total value of $52,936.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,937 shares of company stock worth $554,775. Corporate insiders own 3.70% of the company’s stock.

SJM has been the subject of several recent research reports. Citigroup cut their price target on J M Smucker from $142.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. ValuEngine raised J M Smucker from a “strong sell” rating to a “sell” rating in a report on Thursday. Guggenheim cut their price target on J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a report on Wednesday, August 28th. TheStreet cut J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, Bank of America cut their price target on J M Smucker from $128.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $116.70.

J M Smucker stock opened at $107.02 on Friday. The business has a 50 day moving average price of $107.41 and a two-hundred day moving average price of $116.26. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.60. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.42 and a beta of 0.43. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $128.43.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.17). J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts expect that J M Smucker Co will post 8.37 earnings per share for the current fiscal year.

J M Smucker Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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

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