Blue Granite Capital LLC trimmed its holdings in J.M. Smucker Company (The) (NYSE:SJM) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,934 shares of the company’s stock after selling 3,576 shares during the quarter. Blue Granite Capital LLC’s holdings in J.M. Smucker Company (The) were worth $1,360,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC increased its holdings in J.M. Smucker Company (The) by 10,512.5% in the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in J.M. Smucker Company (The) in the 1st quarter worth about $126,000. Paradigm Asset Management Co. LLC increased its holdings in J.M. Smucker Company (The) by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after buying an additional 50 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in J.M. Smucker Company (The) in the 3rd quarter worth about $201,000. Finally, Well Done LLC bought a new stake in J.M. Smucker Company (The) in the 3rd quarter worth about $201,000. Institutional investors own 77.30% of the company’s stock.
In other J.M. Smucker Company (The) news, insider Richard K. Smucker purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the acquisition, the insider now owns 652,168 shares in the company, valued at $68,738,507.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Oatey purchased 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average cost of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by insiders.
A number of research firms have issued reports on SJM. BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Susquehanna Bancshares Inc set a $131.00 price target on J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co downgraded J.M. Smucker Company (The) from an “overweight” rating to a “neutral” rating and cut their price target for the company from $135.00 to $116.00 in a research note on Thursday, August 24th. Finally, Credit Suisse Group set a $110.00 price target on J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $125.17.
J.M. Smucker Company (NYSE SJM) opened at $113.54 on Wednesday. J.M. Smucker Company has a 12-month low of $99.57 and a 12-month high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The firm has a market capitalization of $12,900.00, a PE ratio of 15.58, a PEG ratio of 2.22 and a beta of 0.62.
J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. J.M. Smucker Company (The) had a return on equity of 11.98% and a net margin of 7.72%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm earned $2.05 EPS. The firm’s revenue was up .5% compared to the same quarter last year. sell-side analysts predict that J.M. Smucker Company will post 7.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. J.M. Smucker Company (The)’s dividend payout ratio is presently 63.03%.
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J.M. Smucker Company (The) 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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