Bredin Investment LLC bought a new position in shares of J M Smucker Co (NYSE:SJM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,875 shares of the company’s stock, valued at approximately $356,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. Profund Advisors LLC grew its stake in J M Smucker by 22.8% in the 2nd quarter. Profund Advisors LLC now owns 3,176 shares of the company’s stock valued at $376,000 after purchasing an additional 590 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of J M Smucker by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,691 shares of the company’s stock worth $555,000 after acquiring an additional 130 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of J M Smucker by 2.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 349,479 shares of the company’s stock worth $41,354,000 after acquiring an additional 8,571 shares during the period. Pinebridge Investments L.P. grew its stake in shares of J M Smucker by 1.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 10,811 shares of the company’s stock worth $1,280,000 after acquiring an additional 186 shares during the period. Finally, FMR LLC grew its stake in shares of J M Smucker by 17.1% during the 2nd quarter. FMR LLC now owns 2,352,150 shares of the company’s stock worth $278,330,000 after acquiring an additional 343,013 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.
J M Smucker Co (SJM) traded up $1.32 during trading hours on Wednesday, hitting $121.01. The company’s stock had a trading volume of 1,083,159 shares, compared to its average volume of 1,130,000. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The stock has a market cap of $13,750.00, a PE ratio of 24.50, a P/E/G ratio of 2.03 and a beta of 0.65. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 EPS. equities analysts expect 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 issued 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 dividend yield of 2.58%. J M Smucker’s dividend payout ratio is 63.16%.
In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at approximately $2,916,490.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is currently owned by insiders.
SJM has been the subject of several research reports. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the stock a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Susquehanna Bancshares set a $150.00 price target on J M Smucker and gave the stock a “buy” rating in a research note on Thursday, January 4th. Jefferies Group set a $135.00 price objective on J M Smucker and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, Wells Fargo & Co set a $128.00 price objective on J M Smucker and gave the stock a “hold” rating in a report on Thursday, January 4th. Four 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 presently has a consensus rating of “Hold” and an average target price of $127.58.
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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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