Pegasus Partners Ltd. bought a new position in J M Smucker Co (NYSE:SJM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,325 shares of the company’s stock, valued at approximately $5,134,000. J M Smucker comprises approximately 1.1% of Pegasus Partners Ltd.’s portfolio, making the stock its 18th largest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Greenwich Wealth Management LLC boosted its position in shares of J M Smucker by 9.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 5,419 shares of the company’s stock worth $673,000 after acquiring an additional 487 shares during the last quarter. Ffcm LLC boosted its position in shares of J M Smucker by 24.7% in the fourth quarter. Ffcm LLC now owns 4,586 shares of the company’s stock worth $570,000 after acquiring an additional 907 shares during the last quarter. IBM Retirement Fund acquired a new stake in shares of J M Smucker in the fourth quarter worth approximately $207,000. Polaris Capital Management LLC boosted its position in shares of J M Smucker by 6.7% in the fourth quarter. Polaris Capital Management LLC now owns 285,104 shares of the company’s stock worth $35,421,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in shares of J M Smucker in the fourth quarter worth approximately $488,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on SJM shares. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Susquehanna Bancshares raised shares of J M Smucker from a “neutral” rating to a “positive” rating and raised their target price for the stock from $110.00 to $127.00 in a research report on Monday, November 13th. Jefferies Group set a $130.00 target price on shares of J M Smucker and gave the stock a “buy” rating in a research report on Monday, October 30th. Morgan Stanley set a $112.00 target price on shares of J M Smucker and gave the stock a “sell” rating in a research report on Friday, November 17th. Finally, Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. J M Smucker has a consensus rating of “Hold” and an average target price of $127.58.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction that occurred 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 in the company, valued at $2,916,490.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction that occurred 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 have sold 5,610 shares of company stock worth $698,093 in the last quarter. Insiders own 3.50% of the company’s stock.
J M Smucker Co (NYSE:SJM) opened at $119.40 on Tuesday. 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 company has a market cap of $13,577.19, a P/E ratio of 24.12, a P/E/G ratio of 2.03 and a beta of 0.65.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $2.05 earnings per share. J M Smucker’s revenue for the quarter was up .5% compared to the same quarter last year. equities analysts expect that J M Smucker Co will post 7.83 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be paid a dividend of $0.78 per share. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.61%. J M Smucker’s dividend payout ratio is currently 63.03%.
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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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