Qube Research & Technologies Ltd acquired a new stake in J M Smucker Co (NYSE:SJM) during the 2nd quarter, HoldingsChannel reports. The fund acquired 1,928 shares of the company’s stock, valued at approximately $207,000.
Other hedge funds have also added to or reduced their stakes in the company. Hall Laurie J Trustee lifted its position in J M Smucker by 153.1% in the 1st quarter. Hall Laurie J Trustee now owns 810 shares of the company’s stock valued at $101,000 after acquiring an additional 490 shares in the last quarter. Signaturefd LLC bought a new position in J M Smucker in the 1st quarter valued at approximately $106,000. Clarus Wealth Advisors bought a new position in J M Smucker in the 2nd quarter valued at approximately $109,000. CSat Investment Advisory L.P. bought a new position in J M Smucker in the 2nd quarter valued at approximately $122,000. Finally, WealthTrust Fairport LLC bought a new position in J M Smucker in the 1st quarter valued at approximately $143,000. 82.86% of the stock is currently owned by institutional investors and hedge funds.
NYSE SJM opened at $111.08 on Monday. The firm has a market cap of $12.53 billion, a PE ratio of 13.95, a PEG ratio of 2.01 and a beta of 0.52. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. J M Smucker Co has a 1-year low of $96.13 and a 1-year high of $133.38.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, August 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. analysts forecast that J M Smucker Co will post 8.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.06%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Thursday, August 16th. J M Smucker’s dividend payout ratio is 42.71%.
SJM has been the topic of several analyst reports. Susquehanna Bancshares set a $159.00 price objective on J M Smucker and gave the company a “buy” rating in a research report on Monday, May 21st. ValuEngine cut J M Smucker from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Credit Suisse Group lowered their price target on J M Smucker from $115.00 to $98.00 and set an “underperform” rating on the stock in a report on Tuesday, June 5th. Wells Fargo & Co set a $100.00 price target on J M Smucker and gave the company a “hold” rating in a report on Tuesday, June 5th. Finally, Deutsche Bank set a $97.00 price target on J M Smucker and gave the company a “hold” rating in a report on Friday, June 8th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. J M Smucker has an average rating of “Hold” and an average price target of $121.83.
In other news, SVP Jill R. Penrose sold 518 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $106.27, for a total value of $55,047.86. Following the completion of the sale, the senior vice president now directly owns 10,537 shares in the company, valued at approximately $1,119,766.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark R. Belgya sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $109.15, for a total value of $545,750.00. Following the completion of the sale, the insider now owns 50,810 shares of the company’s stock, valued at $5,545,911.50. The disclosure for this sale can be found here. Insiders sold a total of 11,488 shares of company stock valued at $1,254,598 over the last 90 days. 3.92% of the stock is currently owned by company insiders.
J M Smucker Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
Featured Article: What is the Book Value of a Share?
Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.