Sei Investments Co. grew its stake in J M Smucker Co (NYSE:SJM) by 43.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,305 shares of the company’s stock after purchasing an additional 34,174 shares during the period. Sei Investments Co. owned approximately 0.10% of J M Smucker worth $11,887,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in J M Smucker by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock worth $1,444,691,000 after purchasing an additional 265,451 shares during the period. BlackRock Inc. increased its holdings in J M Smucker 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 purchasing an additional 578,984 shares during the period. State Street Corp increased its holdings in J M Smucker by 0.9% during the 2nd quarter. State Street Corp now owns 5,496,377 shares of the company’s stock worth $650,374,000 after purchasing an additional 49,959 shares during the period. FMR LLC increased its holdings in J M Smucker by 17.1% during the 2nd quarter. FMR LLC now owns 2,352,150 shares of the company’s stock worth $278,330,000 after purchasing an additional 343,013 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in J M Smucker by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,706,412 shares of the company’s stock worth $201,918,000 after purchasing an additional 39,972 shares during the period. 75.46% of the stock is owned by institutional investors and hedge funds.
In other J M Smucker news, Director Gary A. Oatey bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $107.30 per share, for a total transaction of $107,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by insiders.
J M Smucker Co (NYSE:SJM) opened at $119.39 on Tuesday. J M Smucker Co has a one year low of $99.57 and a one year high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The firm has a market capitalization of $13,133.02, a price-to-earnings ratio of 15.77, a P/E/G ratio of 2.14 and a beta of 0.67.
J M Smucker (NYSE:SJM) last announced its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. analysts predict that J M Smucker Co will post 7.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 annualized dividend and a yield of 2.61%. J M Smucker’s dividend payout ratio (DPR) is 63.03%.
SJM has been the topic of several research reports. Citigroup reduced their price objective on J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Jefferies Group set a $130.00 price target on J M Smucker and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Susquehanna Bancshares set a $131.00 price target on J M Smucker and gave the company a “hold” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group set a $110.00 price target on J M Smucker and gave the company a “hold” rating in a report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $125.17.
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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.
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