CENTRAL TRUST Co boosted its position in J M Smucker Co (NYSE:SJM) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,280 shares of the company’s stock after acquiring an additional 4,171 shares during the quarter. CENTRAL TRUST Co’s holdings in J M Smucker were worth $4,259,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in J M Smucker by 0.9% in the second quarter. State Street Corp now owns 5,496,377 shares of the company’s stock valued at $650,374,000 after purchasing an additional 49,959 shares during the period. FMR LLC raised its position in J M Smucker by 17.1% in the second quarter. FMR LLC now owns 2,352,150 shares of the company’s stock valued at $278,330,000 after purchasing an additional 343,013 shares during the period. Dimensional Fund Advisors LP raised its position in 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. Schroder Investment Management Group raised its position in J M Smucker by 4.4% in the third quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock valued at $128,005,000 after purchasing an additional 50,960 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in J M Smucker by 68.2% in the third quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock valued at $111,964,000 after purchasing an additional 432,461 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.
Shares of J M Smucker Co (SJM) opened at $121.01 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $13,750.00, a PE ratio of 24.50, a P/E/G ratio of 2.03 and a beta of 0.65. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $143.68.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion during 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 earnings per share. equities analysts anticipate that J M Smucker Co will post 7.83 EPS 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 issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, February 8th. J M Smucker’s dividend payout ratio is currently 63.16%.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of J M Smucker 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by insiders.
Several research firms have commented on SJM. Susquehanna Bancshares set a $148.00 price objective on J M Smucker and gave the company a “buy” rating in a research report on Monday. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Thursday, January 4th. Jefferies Group set a $135.00 target price on J M Smucker and gave the stock a “buy” rating in a research report on Saturday, November 18th. Finally, 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. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $127.58.
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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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