Pitcairn Co. Buys 2,945 Shares of J.M. Smucker Company (The) (SJM)

Pitcairn Co. boosted its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 129.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,215 shares of the company’s stock after acquiring an additional 2,945 shares during the quarter. Pitcairn Co.’s holdings in J.M. Smucker Company (The) were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SJM. Schroder Investment Management Group lifted its position in J.M. Smucker Company (The) by 7,253.2% during the 2nd quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock worth $137,699,000 after acquiring an additional 1,150,873 shares during the period. BlackRock Inc. lifted its position in J.M. Smucker Company (The) by 7.6% during the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after acquiring an additional 578,984 shares during the period. Koch Industries Inc. acquired a new stake in J.M. Smucker Company (The) during the 2nd quarter worth approximately $495,000. Renaissance Technologies LLC acquired a new stake in J.M. Smucker Company (The) during the 2nd quarter worth approximately $54,456,000. Finally, Parametric Portfolio Associates LLC lifted its position in J.M. Smucker Company (The) by 251.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock worth $76,033,000 after acquiring an additional 459,528 shares during the period. 72.88% of the stock is owned by institutional investors.

J.M. Smucker Company (SJM) traded up $1.52 on Friday, hitting $104.12. The stock had a trading volume of 901,100 shares, compared to its average volume of 1,103,680. The company has a quick ratio of 0.41, a current ratio of 0.97 and a debt-to-equity ratio of 0.64. The firm has a market cap of $11,826.47, a PE ratio of 14.15, a P/E/G ratio of 2.04 and a beta of 0.62. J.M. Smucker Company has a 1-year low of $99.57 and a 1-year high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. sell-side analysts expect that J.M. Smucker Company will post 7.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, November 9th. This represents a $3.12 annualized dividend and a yield of 3.00%. J.M. Smucker Company (The)’s dividend payout ratio is presently 65.55%.

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A number of analysts have weighed in on SJM shares. Citigroup Inc. decreased their price objective on J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, August 25th. Jefferies Group LLC raised J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $140.00 in a research report on Friday, July 28th. Stephens cut J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $165.00 to $125.00 in a research report on Wednesday, July 19th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $131.00 price objective on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $123.73.

In other news, Director Gary A. Oatey acquired 1,000 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $107.30 per share, with a total value of $107,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard K. Smucker acquired 10,000 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the acquisition, the insider now owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

J.M. Smucker Company (The) 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.

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

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