Sawyer & Company Inc acquired a new stake in J M Smucker Co (NYSE:SJM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,278 shares of the company’s stock, valued at approximately $780,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of 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 purchasing an additional 578,984 shares during the last quarter. Koch Industries Inc. acquired a new position in J M Smucker in the second quarter valued at $495,000. Renaissance Technologies LLC acquired a new position in J M Smucker in the second quarter valued at $54,456,000. Parametric Portfolio Associates LLC boosted its holdings in J M Smucker by 251.1% in the second quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock valued at $76,033,000 after acquiring an additional 459,528 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in J M Smucker by 67.4% in the third quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock valued at $104,764,000 after acquiring an additional 402,167 shares during the last quarter. 75.51% of the stock is owned by hedge funds and other institutional investors.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction on Friday, 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 directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction on Saturday, 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 valued at $698,093 over the last 90 days. 3.50% of the stock is currently owned by insiders.
J M Smucker Co (SJM) opened at $120.12 on Friday. 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 capitalization of $13,650.00, a P/E ratio of 24.32, a PEG ratio of 2.17 and a beta of 0.65. J M Smucker Co has a 52-week low of $99.57 and a 52-week high of $143.68.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. research analysts anticipate that J M Smucker Co will post 7.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be given a $0.78 dividend. The ex-dividend date of this dividend 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%.
A number of research analysts recently weighed in on the company. Susquehanna Bancshares reiterated a “buy” rating and issued a $151.00 target price on shares of J M Smucker in a report on Friday, January 26th. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price objective on J M Smucker and gave the stock a “hold” rating in a research note on Thursday, January 4th. Stifel Nicolaus lifted their target price on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, UBS Group raised J M Smucker from a “neutral” rating to a “positive” rating in a research report on Monday, November 13th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. J M Smucker presently has an average rating of “Hold” and an average target price of $127.83.
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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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