Beese Fulmer Investment Management Inc. Has $1.76 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Beese Fulmer Investment Management Inc. trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 9.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,510 shares of the company’s stock after selling 1,475 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in J. M. Smucker were worth $1,757,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SJM. Resonant Capital Advisors LLC raised 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 valued at $1,803,000 after acquiring an additional 93 shares during the period. Probity Advisors Inc. increased its stake in shares of J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock worth $1,065,000 after purchasing an additional 96 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of 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 purchasing an additional 99 shares during the period. State of Michigan Retirement System lifted its stake in shares of J. M. Smucker by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock valued at $3,659,000 after buying an additional 100 shares in the last quarter. Finally, Romano Brothers AND Company boosted its holdings in J. M. Smucker by 3.5% in the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after buying an additional 100 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Performance

Shares of SJM opened at $117.70 on Thursday. The company has a market cap of $12.52 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 3.12 and a beta of 0.24. 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 stock has a 50-day moving average price of $119.09 and a 200-day moving average price of $115.58. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $134.62.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SJM. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Citigroup cut their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. TD Cowen cut their target price on 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. Bank of America cut their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Wells Fargo & Company cut their target price on 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.