First Trust Advisors LP grew its position in shares of J M Smucker Co (NYSE:SJM) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,589 shares of the company’s stock after purchasing an additional 42,720 shares during the quarter. First Trust Advisors LP owned approximately 0.36% of J M Smucker worth $51,384,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in SJM. Sit Investment Associates Inc. boosted its stake in shares of J M Smucker by 234.0% during the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after purchasing an additional 620 shares in the last quarter. Ramsay Stattman Vela & Price Inc. bought a new position in shares of J M Smucker during the fourth quarter worth about $200,000. Flagship Harbor Advisors LLC bought a new position in shares of J M Smucker during the third quarter worth about $201,000. Well Done LLC bought a new position in shares of J M Smucker during the third quarter worth about $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new position in shares of J M Smucker during the third quarter worth about $202,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on SJM. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. UBS Group upgraded J M Smucker from a “neutral” rating to a “positive” rating in a research report on Monday, November 13th. Stifel Nicolaus raised their price objective 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. Jefferies Group restated a “buy” rating and set a $135.00 price objective on shares of J M Smucker in a research report on Friday. Finally, Susquehanna Bancshares restated a “hold” rating and set a $110.00 price objective on shares of J M Smucker in a research report on Tuesday, November 7th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $127.58.
Shares of J M Smucker Co (NYSE:SJM) opened at $124.46 on Friday. The firm has a market capitalization of $13,932.75, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 1-year low of $99.57 and a 1-year high of $143.68.
J M Smucker (NYSE:SJM) last issued its earnings results on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.34. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 earnings per share. equities analysts anticipate that J M Smucker Co will post 7.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a $0.78 dividend. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a yield of 2.51%. J M Smucker’s payout ratio is currently 63.03%.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the sale, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The sale was disclosed in a filing with the SEC, 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 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 quarter, insiders sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by corporate insiders.
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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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