The J. M. Smucker Company (NYSE:SJM) Position Raised by Toth Financial Advisory Corp

Toth Financial Advisory Corp lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 11.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,351 shares of the company’s stock after acquiring an additional 3,062 shares during the period. Toth Financial Advisory Corp’s holdings in J. M. Smucker were worth $3,554,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SJM. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker during the second quarter valued at approximately $26,000. Quarry LP boosted its position in J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the period. Trivant Custom Portfolio Group LLC acquired a new position in J. M. Smucker during the 3rd quarter worth $42,000. Rothschild Investment LLC bought a new position in shares of J. M. Smucker in the second quarter worth $42,000. Finally, Central Valley Advisors LLC bought a new stake in shares of J. M. Smucker during the second quarter valued at about $45,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.9 %

NYSE SJM traded down $1.09 on Monday, reaching $120.64. The stock had a trading volume of 120,937 shares, compared to its average volume of 1,168,528. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The business has a 50 day moving average price of $119.09 and a 200 day moving average price of $115.58. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12.84 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 3.22 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 the consensus estimate of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. On average, analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America decreased their target price on shares of 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. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Wells Fargo & Company lowered their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, DA Davidson reissued a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $127.25.

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.