Burns J W & Co. Inc. NY Cuts Position in J M Smucker Co (NYSE:SJM)

Burns J W & Co. Inc. NY cut its stake in J M Smucker Co (NYSE:SJM) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,931 shares of the company’s stock after selling 1,432 shares during the period. Burns J W & Co. Inc. NY’s holdings in J M Smucker were worth $2,633,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Guinness Asset Management Ltd boosted its position in J M Smucker by 52.7% during the second quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Whitener Capital Management Inc. raised its stake in shares of J M Smucker by 52.4% during the second quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Alera Investment Advisors LLC bought a new position in shares of J M Smucker during the first quarter valued at about $35,000. Stonebridge Capital Advisors LLC bought a new position in shares of J M Smucker during the second quarter valued at about $37,000. Finally, Perkins Coie Trust Co bought a new position in shares of J M Smucker during the second quarter valued at about $45,000. Institutional investors own 77.39% of the company’s stock.

In other J M Smucker news, CFO Mark R. Belgya sold 750 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. Following the completion of the transaction, the chief financial officer now owns 53,442 shares of the company’s stock, valued at $5,878,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin G. Jackson sold 487 shares of the firm’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 transaction of $52,936.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,937 shares of company stock valued at $554,775. 3.70% of the stock is owned by insiders.

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of J M Smucker from $142.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus lowered their price objective on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. ValuEngine raised shares of J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Thursday. Credit Suisse Group lowered their price objective on shares of J M Smucker from $120.00 to $114.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Bank of America lowered their price objective on shares of J M Smucker from $128.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. J M Smucker presently has an average rating of “Hold” and a consensus target price of $116.70.

SJM stock traded up $0.25 during trading on Friday, reaching $107.27. The company had a trading volume of 250,412 shares, compared to its average volume of 629,111. J M Smucker Co has a 52 week low of $91.32 and a 52 week high of $128.43. The company has a market cap of $12.08 billion, a P/E ratio of 12.94, a PEG ratio of 3.41 and a beta of 0.43. The business has a 50 day moving average of $107.54 and a 200 day moving average of $116.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.70 and a quick ratio of 0.26.

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

J M Smucker Company 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.

Featured Story: Quiet Period Expirations Explained

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).

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

Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.