LVM Capital Management Ltd. MI Has $8.70 Million Position in J M Smucker Co (NYSE:SJM)

LVM Capital Management Ltd. MI cut its stake in shares of J M Smucker Co (NYSE:SJM) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 70,029 shares of the company’s stock after selling 2,445 shares during the period. J M Smucker comprises about 2.0% of LVM Capital Management Ltd. MI’s holdings, making the stock its 18th biggest holding. LVM Capital Management Ltd. MI owned 0.06% of J M Smucker worth $8,700,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of J M Smucker by 2.2% in the second quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock valued at $1,444,691,000 after purchasing an additional 265,451 shares during the period. BlackRock Inc. boosted its stake in J M Smucker by 7.6% during the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after buying an additional 578,984 shares during the period. State Street Corp boosted its stake in J M Smucker by 0.9% during the second quarter. State Street Corp now owns 5,496,377 shares of the company’s stock worth $650,374,000 after buying an additional 49,959 shares during the period. FMR LLC boosted its stake in J M Smucker by 17.1% during the second quarter. FMR LLC now owns 2,352,150 shares of the company’s stock worth $278,330,000 after buying an additional 343,013 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of J M Smucker by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock valued at $181,908,000 after purchasing an additional 27,182 shares during the period. Institutional investors own 75.51% of the company’s stock.

Several research analysts have recently commented on the stock. Susquehanna Bancshares reissued a “buy” rating and issued a $151.00 price objective on shares of J M Smucker in a research note on Friday, January 26th. Credit Suisse Group set a $120.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $128.00 target price on shares of J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Stifel Nicolaus raised their target price on shares of J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a report on Friday, November 17th. Finally, Morgan Stanley set a $112.00 target price on shares of J M Smucker and gave the company a “sell” rating in a report on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. J M Smucker currently has a consensus rating of “Hold” and an average target price of $127.83.

J M Smucker Co (NYSE:SJM) traded down $5.91 during trading hours on Friday, reaching $120.12. 1,480,000 shares of the company were exchanged, compared to its average volume of 1,020,000. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13,650.00, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 2.17 and a beta of 0.65.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.90 billion. During the same period last year, the firm posted $2.05 EPS. J M Smucker’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts anticipate that J M Smucker Co will post 7.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be given a $0.78 dividend. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a yield of 2.60%. J M Smucker’s dividend payout ratio (DPR) is 63.16%.

In other news, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock worth $698,093 over the last 90 days. Insiders own 3.50% of the company’s stock.

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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.

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

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