J M Smucker Co (NYSE:SJM) Shares Sold by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC trimmed its holdings in J M Smucker Co (NYSE:SJM) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 33,441 shares of the company’s stock after selling 741 shares during the period. MetLife Investment Advisors LLC’s holdings in J M Smucker were worth $3,594,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its position in J M Smucker by 5.4% in the second quarter. BlackRock Inc. now owns 9,452,323 shares of the company’s stock worth $1,015,934,000 after acquiring an additional 484,096 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of J M Smucker by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,959,125 shares of the company’s stock worth $425,526,000 after buying an additional 61,426 shares during the period. LSV Asset Management boosted its position in shares of J M Smucker by 2.4% during the second quarter. LSV Asset Management now owns 2,656,118 shares of the company’s stock worth $285,479,000 after buying an additional 61,475 shares during the period. Ariel Investments LLC boosted its position in shares of J M Smucker by 6.6% during the second quarter. Ariel Investments LLC now owns 1,767,460 shares of the company’s stock worth $189,967,000 after buying an additional 108,828 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of J M Smucker by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,765,003 shares of the company’s stock worth $218,878,000 after buying an additional 6,048 shares during the period. Institutional investors own 82.77% of the company’s stock.
In other J M Smucker news, insider Mark T. Smucker sold 2,500 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $111.02, for a total value of $277,550.00. Following the sale, the insider now directly owns 121,179 shares in the company, valued at $13,453,292.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeannette L. Knudsen sold 1,500 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the sale, the senior vice president now owns 26,224 shares in the company, valued at $2,904,045.76. The disclosure for this sale can be found here. 3.92% of the stock is currently owned by company insiders.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.02. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that J M Smucker Co will post 8.43 EPS for the current fiscal year.
Several research analysts have recently commented on the company. Bank of America restated a “neutral” rating and set a $106.00 price target on shares of J M Smucker in a research report on Wednesday, October 3rd. Credit Suisse Group set a $95.00 price target on J M Smucker and gave the stock a “sell” rating in a research report on Friday, September 21st. Zacks Investment Research lowered J M Smucker from a “hold” rating to a “sell” rating in a research report on Friday, August 24th. ValuEngine upgraded J M Smucker from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 27th. Finally, Wolfe Research lowered J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $120.62.
J M Smucker Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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