Stratos Wealth Partners LTD. reduced its holdings in shares of J M Smucker Co (NYSE:SJM) by 11.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,166 shares of the company’s stock after selling 1,031 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in J M Smucker were worth $838,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Alpha Windward LLC purchased a new position in J M Smucker during the second quarter worth about $551,000. Tandem Investment Advisors Inc. boosted its holdings in J M Smucker by 6.6% during the third quarter. Tandem Investment Advisors Inc. now owns 122,790 shares of the company’s stock worth $12,599,000 after purchasing an additional 7,633 shares during the last quarter. Ariel Investments LLC boosted its holdings in J M Smucker by 6.6% during the second quarter. Ariel Investments LLC now owns 1,767,460 shares of the company’s stock worth $189,967,000 after purchasing an additional 108,828 shares during the last quarter. Raymond James & Associates boosted its holdings in J M Smucker by 3.4% during the second quarter. Raymond James & Associates now owns 162,046 shares of the company’s stock worth $17,418,000 after purchasing an additional 5,289 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in J M Smucker by 41.4% during the second quarter. Sequoia Financial Advisors LLC now owns 21,900 shares of the company’s stock worth $2,354,000 after purchasing an additional 6,414 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,500 shares of J M Smucker stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $110.74, for a total value of $166,110.00. Following the sale, the senior vice president now owns 26,224 shares of the company’s stock, valued at $2,904,045.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.92% of the company’s stock.
Shares of SJM stock opened at $112.88 on Friday. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 2.07 and a beta of 0.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.17. J M Smucker Co has a 52 week low of $96.13 and a 52 week high of $133.38.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.76 by $0.02. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Research analysts predict that J M Smucker Co will post 8.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 16th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, November 15th. J M Smucker’s dividend payout ratio is 42.71%.
Several research firms recently weighed in on SJM. ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Bank of America restated a “neutral” rating and set a $106.00 price target on shares of J M Smucker in a report on Wednesday, October 3rd. Zacks Investment Research cut shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Friday, August 24th. Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 26th. Finally, Credit Suisse Group set a $95.00 price objective on shares of J M Smucker and gave the stock a “sell” rating in a research report on Friday, September 21st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $120.62.
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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.
Further Reading: Technical Analysis
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