Virtu Financial LLC lessened its holdings in J M Smucker Co (NYSE:SJM) by 35.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,140 shares of the company’s stock after selling 4,550 shares during the period. Virtu Financial LLC’s holdings in J M Smucker were worth $835,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. grew its position in shares of J M Smucker by 0.8% during the third quarter. BlackRock Inc. now owns 9,530,746 shares of the company’s stock valued at $977,951,000 after purchasing an additional 78,423 shares in the last quarter. LSV Asset Management grew its position in shares of J M Smucker by 2.4% during the second quarter. LSV Asset Management now owns 2,656,118 shares of the company’s stock valued at $285,479,000 after purchasing an additional 61,475 shares in the last quarter. Ariel Investments LLC grew its position in shares of J M Smucker by 6.6% during the second quarter. Ariel Investments LLC now owns 1,767,460 shares of the company’s stock valued at $189,967,000 after purchasing an additional 108,828 shares in the last quarter. Northern Trust Corp grew its position in shares of J M Smucker by 4.0% during the second quarter. Northern Trust Corp now owns 1,561,484 shares of the company’s stock valued at $167,828,000 after purchasing an additional 60,352 shares in the last quarter. Finally, Coho Partners Ltd. grew its position in shares of J M Smucker by 4.3% during the second quarter. Coho Partners Ltd. now owns 1,456,002 shares of the company’s stock valued at $156,491,000 after purchasing an additional 59,445 shares in the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.
Shares of NYSE:SJM opened at $102.24 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. J M Smucker Co has a 12 month low of $96.13 and a 12 month high of $133.38. The stock has a market capitalization of $11.89 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 2.17 and a beta of 0.38.
J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.12). J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business posted $2.02 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that J M Smucker Co will post 7.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Friday, November 16th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, November 15th. J M Smucker’s payout ratio is 42.71%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research restated a “sell” rating on shares of J M Smucker in a research report on Thursday, November 15th. Credit Suisse Group set a $95.00 price objective on J M Smucker and gave the company a “sell” rating in a research report on Friday, September 21st. Wolfe Research lowered J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. ValuEngine downgraded shares of J M Smucker from a “sell” rating to a “strong sell” rating in a report on Thursday, August 23rd. Finally, Barclays reaffirmed a “hold” rating and issued a $103.00 price target on shares of J M Smucker in a report on Sunday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $117.33.
In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the 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 completion of the transaction, the senior vice president now owns 26,224 shares of the company’s stock, valued at approximately $2,904,045.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.92% of the stock is currently owned by company insiders.
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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.
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