Westhampton Capital LLC Buys 300 Shares of The J. M. Smucker Company (NYSE:SJM)

Westhampton Capital LLC boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,451 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Westhampton Capital LLC’s holdings in J. M. Smucker were worth $781,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new stake in shares of J. M. Smucker during the 1st quarter valued at $23,990,000. Assenagon Asset Management S.A. boosted its stake in shares of J. M. Smucker by 6,703.1% during the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after purchasing an additional 157,523 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after purchasing an additional 9,250 shares in the last quarter. Swedbank AB grew its holdings in shares of J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock worth $13,915,000 after purchasing an additional 15,792 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in shares of J. M. Smucker by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock valued at $7,151,000 after buying an additional 11,622 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $117.70 on Wednesday. The firm has a 50 day moving average of $119.14 and a 200-day moving average of $115.56. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SJM shares. DA Davidson reissued a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Citigroup reduced their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Finally, TD Cowen decreased their price target 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. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $127.25.

About J. M. Smucker

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.