Clark Estates Inc. NY boosted its holdings in shares of J M Smucker Co (NYSE:SJM) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. J M Smucker makes up about 0.9% of Clark Estates Inc. NY’s investment portfolio, making the stock its 21st largest holding. Clark Estates Inc. NY’s holdings in J M Smucker were worth $5,591,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Stokes & Hubbell Capital Management LLC boosted its position in shares of J M Smucker by 120.3% in the fourth quarter. Stokes & Hubbell Capital Management LLC now owns 4,232 shares of the company’s stock worth $526,000 after purchasing an additional 2,311 shares during the period. Moller Financial Services bought a new position in shares of J M Smucker in the fourth quarter worth approximately $221,000. State of Alaska Department of Revenue boosted its position in shares of J M Smucker by 26.7% in the fourth quarter. State of Alaska Department of Revenue now owns 36,910 shares of the company’s stock worth $4,584,000 after purchasing an additional 7,779 shares during the period. Heritage Way Advisors LLC boosted its position in shares of J M Smucker by 51.8% in the fourth quarter. Heritage Way Advisors LLC now owns 13,700 shares of the company’s stock worth $1,702,000 after purchasing an additional 4,675 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of J M Smucker by 1,235.8% in the fourth quarter. Acadian Asset Management LLC now owns 2,912 shares of the company’s stock worth $362,000 after purchasing an additional 2,694 shares during the period. Institutional investors own 74.98% of the company’s stock.
A number of equities analysts have weighed in on SJM shares. Jefferies Group set a $130.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Monday, October 30th. Susquehanna Bancshares set a $141.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Friday, December 8th. Stifel Nicolaus upped their price target on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group set a $110.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $127.75.
J M Smucker Co (NYSE:SJM) traded up $1.87 during mid-day trading on Friday, hitting $127.53. 807,376 shares of the stock traded hands, compared to its average volume of 877,026. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The stock has a market capitalization of $14,490.00, a P/E ratio of 25.82, a PEG ratio of 2.15 and a beta of 0.66.
J M Smucker (NYSE:SJM) last released its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. equities analysts expect that J M Smucker Co will post 7.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.45%. J M Smucker’s dividend payout ratio (DPR) is presently 63.16%.
In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the sale, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Insiders sold 5,610 shares of company stock worth $698,093 in the last three months. Insiders own 3.50% of the company’s stock.
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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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