J.M. Smucker Company (NYSE:SJM).
Polaris Capital Management, LLC reports that it bought 46,100 shares in the previous quarter increasing its stake in J.M. Smucker Company (SJM) by 20.9%. Its investment was valued at $28,027,000 an increase of $1,876,000 as of the end of the quarter.
These firms have modified their investment in SJM. Raymond James & Associates grew its position by buying 16,853 shares an increase of 13.9% in the quarter. Raymond James & Associates owns 137,763 shares with a value of $14,455,000. The value of the position overall is up by 1.0%. Bridgewater Wealth & Financial Management, LLC bolstered its ownership by buying 13,697 shares an increase of 23.9% as of 09/30/2017. Bridgewater Wealth & Financial Management, LLC now holds 71,081 shares worth $7,459,000. The total value of its holdings increased 9.9%.
Baird Financial Group, Inc. augmented its stake by buying 1,268 shares an increase of 2.0%. Baird Financial Group, Inc. now controls 65,769 shares valued at $6,901,000. The value of the position overall is down by 9.6%.
November 7 investment analysts at Susquehanna Bancshares left the company rating at “Hold” projecting a price of $110.00. On October 30 analysts at Jefferies Group LLC released a research note on SJM stating a rating of “Buy” and a price target of $130.00.
Morgan Stanley updated coverage of SJM with a rating of “Sell” and price target of $106.00. October 4 investment analysts at Goldman Sachs Group, Inc. (The) reiterated a “Sell” rating on the company.
Citigroup lowered the price target on August 25 changing the price objective from $155.00 to $133.00 and issued a “Buy” rating. On August 25, 2017 Credit Suisse Group released guidance on SJM and giving a rating of “Hold” and setting a price target of $110.00.
The company is so far trading down from yesterday’s close of 108.19. J.M. Smucker Company’s P/E ratio is 22.69 and the market value is 12.25B. As of the latest earnings report the EPS was $4.75 with 113.58M shares outstanding.
Investors are a little more bearish on J.M. Smucker Company lately considering the uptick in short interest. The firm recorded a rise in short interest of 8.01% between September 29, 2017 and October 13, 2017. Short shares increased 472,108 over that timeframe. The short-interest ratio increased to 6.0 and the percentage of shorted shares was 0.06% on October 13.