Cetera Investment Advisers Increases Stock Position in The J. M. Smucker Company (NYSE:SJM)

Cetera Investment Advisers lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,886 shares of the company’s stock after buying an additional 712 shares during the quarter. Cetera Investment Advisers’ holdings in J. M. Smucker were worth $2,714,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Kimelman & Baird LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter valued at approximately $491,000. Quarry LP lifted its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after buying an additional 219 shares in the last quarter. Alethea Capital Management LLC purchased a new stake in J. M. Smucker in the 2nd quarter worth approximately $446,000. Oliver Lagore Vanvalin Investment Group lifted its stake in J. M. Smucker by 47.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 781 shares of the company’s stock worth $85,000 after purchasing an additional 250 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in J. M. Smucker in the 2nd quarter worth approximately $2,140,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SJM has been the topic of several recent analyst reports. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. TD Cowen lowered their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company lowered their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Bank of America lowered their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $127.25.

J. M. Smucker Price Performance

SJM stock opened at $116.84 on Friday. 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 J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The firm’s fifty day moving average is $118.94 and its 200 day moving average is $115.79. The firm has a market cap of $12.43 billion, a P/E ratio of 16.53, a P/E/G ratio of 3.10 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last released its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm earned $2.21 EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Research analysts predict that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

J. M. Smucker 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.