Broderick Brian C lessened its stake in shares of J M Smucker Co (NYSE:SJM) by 54.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,360 shares of the company’s stock after selling 12,371 shares during the period. Broderick Brian C’s holdings in J M Smucker were worth $1,288,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in J M Smucker by 234.0% during the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after acquiring an additional 620 shares during the period. Ramsay Stattman Vela & Price Inc. bought a new position in J M Smucker during the 4th quarter worth $200,000. Flagship Harbor Advisors LLC bought a new position in J M Smucker during the 3rd quarter worth $201,000. Well Done LLC bought a new position in J M Smucker during the 3rd quarter worth $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new position in J M Smucker during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.
A number of equities analysts have commented on the company. 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. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the company a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus lifted their price target on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Jefferies Group set a $130.00 price target on J M Smucker and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Morgan Stanley set a $112.00 price target on J M Smucker and gave the company a “sell” rating in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $127.58.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction dated 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 in the company, valued at $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 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.
Shares of J M Smucker Co (SJM) traded down $0.84 during mid-day trading on Tuesday, reaching $118.56. The company had a trading volume of 221,521 shares, compared to its average volume of 1,104,607. The company has a market cap of $13,350.00, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.03 and a beta of 0.65. J M Smucker Co has a twelve month low of $99.57 and a twelve month 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.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. J M Smucker’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS. sell-side analysts anticipate that J M Smucker Co will post 7.83 earnings per share for the current fiscal 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 dividend of $0.78 per share. 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 2.63%. J M Smucker’s dividend payout ratio is currently 63.16%.
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About J M Smucker
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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