Americafirst Capital Management LLC purchased a new position in J M Smucker Co (NYSE:SJM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,555 shares of the company’s stock, valued at approximately $373,000.
A number of other institutional investors have also recently modified their holdings of the stock. RiverPoint Capital Management LLC raised its holdings in J M Smucker by 1.3% during the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock worth $273,000 after purchasing an additional 30 shares in the last quarter. Paradigm Asset Management Co. LLC raised its holdings in J M Smucker by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after purchasing an additional 50 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in J M Smucker by 1.1% during the second quarter. Great Lakes Advisors LLC now owns 4,922 shares of the company’s stock worth $582,000 after purchasing an additional 52 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its holdings in J M Smucker by 2.7% during the second quarter. Roberts Glore & Co. Inc. IL now owns 2,508 shares of the company’s stock worth $297,000 after purchasing an additional 65 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in J M Smucker by 2.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 3,284 shares of the company’s stock worth $389,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.
A number of analysts have weighed in on SJM shares. Morgan Stanley set a $106.00 price objective on shares of J M Smucker and gave the stock a “sell” rating in a report on Friday, October 13th. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Credit Suisse Group set a $110.00 price objective on shares of J M Smucker and gave the stock a “hold” rating in a report on Friday, November 17th. BidaskClub cut shares of J M Smucker from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, Citigroup cut their price objective on shares of J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. J M Smucker has an average rating of “Hold” and a consensus price target of $126.00.
Shares of J M Smucker Co (SJM) traded up $0.37 during trading on Friday, hitting $118.52. 1,002,200 shares of the stock were exchanged, compared to its average volume of 1,113,346. The firm has a market cap of $13,421.56, a PE ratio of 16.12, a price-to-earnings-growth ratio of 2.19 and a beta of 0.67. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $143.68. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.
J M Smucker (NYSE:SJM) last announced its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 EPS. equities analysts expect that J M Smucker Co will post 7.8 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.63%. J M Smucker’s payout ratio is 63.03%.
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J M Smucker 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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