Allianz Asset Management GmbH lifted its stake in shares of J M Smucker Co (NYSE:SJM) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,088 shares of the company’s stock after acquiring an additional 8,060 shares during the period. Allianz Asset Management GmbH owned 0.12% of J M Smucker worth $14,595,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Sun Life Financial INC lifted its position in J M Smucker by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares during the period. Paradigm Asset Management Co. LLC lifted its position in J M Smucker by 4.5% during the second 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 during the period. Flagship Harbor Advisors LLC purchased a new position in J M Smucker during the third quarter worth about $201,000. Well Done LLC purchased a new position in J M Smucker during the third quarter worth about $201,000. Finally, Stokes & Hubbell Capital Management LLC purchased a new position in J M Smucker during the third quarter worth about $202,000. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on SJM shares. Morgan Stanley set a $106.00 target price on J M Smucker and gave the stock a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Credit Suisse Group set a $110.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Friday, November 17th. BidaskClub downgraded J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Citigroup reduced their target price on J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $126.00.
J M Smucker Co (SJM) traded up $0.20 during trading on Thursday, hitting $118.15. The stock had a trading volume of 579,700 shares, compared to its average volume of 1,113,809. The stock has a market cap of $13,398.84, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 52 week low of $99.57 and a 52 week high of $143.68.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. analysts expect that J M Smucker Co will post 7.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.64%. J M Smucker’s payout ratio is currently 63.03%.
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J M Smucker Company 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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