The United Fire Group Inc. Holds Stake in J M Smucker Co (SJM)

The United Fire Group Inc. Holds Stake in J M Smucker Co (SJM)

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quantitative Investment Management LLC boosted its position in shares of J M Smucker by 43.3% in the third quarter. Quantitative Investment Management LLC now owns 114,600 shares of the company’s stock worth $15,532,000 after buying an additional 34,600 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of J M Smucker by 14.4% in the third quarter. Stratos Wealth Partners LTD. now owns 22,211 shares of the company’s stock worth $3,010,000 after buying an additional 2,794 shares in the last quarter. Sit Investment Associates Inc. boosted its position in shares of J M Smucker by 19.2% in the third quarter. Sit Investment Associates Inc. now owns 115,525 shares of the company’s stock worth $15,658,000 after buying an additional 18,625 shares in the last quarter. Capital Management Associates NY acquired a new position in shares of J M Smucker during the third quarter worth about $312,000. Finally, LMR Partners LLP acquired a new position in shares of J M Smucker during the third quarter worth about $1,546,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

United Fire Group Inc. continued to hold its position in shares of J M Smucker Co (NYSE:SJM) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,000 shares of the company’s stock at the end of the first quarter. United Fire Group Inc.’s holdings in J M Smucker were worth $524,000 at the end of the most recent quarter.

J M Smucker Co (SJM) opened at 130.51 on Monday. The stock has a market capitalization of $15.20 billion, a PE ratio of 22.72 and a beta of 0.54. The firm has a 50-day moving average of $126.70 and a 200-day moving average of $131.29. J M Smucker Co has a 1-year low of $122.05 and a 1-year high of $157.31.

Several research firms recently weighed in on SJM. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, February 27th. Jefferies Group LLC restated a “hold” rating and set a $130.00 price target (up from $125.00) on shares of J M Smucker in a report on Thursday, February 23rd. Sanford C. Bernstein cut shares of J M Smucker from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $147.00 to $130.00 in a report on Tuesday, March 21st. Deutsche Bank AG began coverage on shares of J M Smucker in a report on Wednesday, February 15th. They set a “hold” rating and a $145.00 price target on the stock. Finally, Morgan Stanley cut shares of J M Smucker from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $132.00 to $126.00 in a report on Monday, April 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $135.91. In related news, Director Jay L. Henderson purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were purchased at an average price of $139.87 per share, with a total value of $419,610.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $419,610. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.

J M Smucker Company Profile The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SJM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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