Czech National Bank Acquires 1,449 Shares of The J. M. Smucker Company (NYSE:SJM)

Czech National Bank boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,681 shares of the company’s stock after acquiring an additional 1,449 shares during the quarter. Czech National Bank’s holdings in J. M. Smucker were worth $2,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SJM. Resonant Capital Advisors LLC grew its stake in J. M. Smucker by 0.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after buying an additional 93 shares in the last quarter. Anchor Investment Management LLC increased its stake in J. M. Smucker by 0.5% in the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock valued at $2,158,000 after acquiring an additional 99 shares during the last quarter. State of Michigan Retirement System raised its position in J. M. Smucker by 0.3% during the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock valued at $3,659,000 after purchasing an additional 100 shares in the last quarter. PFG Investments LLC lifted its stake in J. M. Smucker by 5.9% during the second quarter. PFG Investments LLC now owns 1,959 shares of the company’s stock worth $214,000 after purchasing an additional 109 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of J. M. Smucker by 2.7% in the 2nd quarter. Van ECK Associates Corp now owns 4,463 shares of the company’s stock worth $487,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on SJM shares. Bank of America dropped their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. TD Cowen cut their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company lowered their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Barclays decreased their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Finally, Citigroup dropped their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Price Performance

SJM stock opened at $116.82 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The firm has a 50-day moving average of $118.94 and a 200 day moving average of $115.74. The company has a market cap of $12.43 billion, a P/E ratio of 16.52, a PEG ratio of 3.10 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 earnings per share. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Company Profile

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.