Commonwealth Equity Services LLC cut its holdings in shares of J M Smucker Co (NYSE:SJM) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,440 shares of the company’s stock after selling 3,555 shares during the quarter. Commonwealth Equity Services LLC’s holdings in J M Smucker were worth $6,131,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in SJM. Sequoia Financial Advisors LLC grew its stake in shares of J M Smucker by 3.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 15,395 shares of the company’s stock valued at $1,913,000 after purchasing an additional 446 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of J M Smucker by 20.1% in the fourth quarter. MML Investors Services LLC now owns 2,734 shares of the company’s stock valued at $340,000 after buying an additional 457 shares in the last quarter. Greenwich Wealth Management LLC raised its holdings in J M Smucker by 9.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 5,419 shares of the company’s stock worth $673,000 after purchasing an additional 487 shares during the last quarter. IFP Advisors Inc raised its holdings in J M Smucker by 8.1% during the first quarter. IFP Advisors Inc now owns 6,530 shares of the company’s stock worth $810,000 after purchasing an additional 490 shares during the last quarter. Finally, Hall Laurie J Trustee raised its holdings in J M Smucker by 153.1% during the first quarter. Hall Laurie J Trustee now owns 810 shares of the company’s stock worth $101,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 79.16% of the company’s stock.
In related news, insider Barry C. Dunaway sold 10,354 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $106.14, for a total value of $1,098,973.56. Following the completion of the transaction, the insider now owns 22,851 shares in the company, valued at approximately $2,425,405.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy P. Smucker acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was bought at an average price of $106.09 per share, with a total value of $530,450.00. Following the transaction, the chairman now directly owns 557,802 shares in the company, valued at $59,177,214.18. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.
A number of research firms have recently weighed in on SJM. Deutsche Bank boosted their price target on J M Smucker from $130.00 to $134.00 and gave the stock a “hold” rating in a report on Tuesday, February 20th. Zacks Investment Research upgraded J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Tuesday, February 20th. Barclays reissued an “equal weight” rating and set a $125.00 price target (up previously from $120.00) on shares of J M Smucker in a research report on Tuesday, February 20th. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $132.00 target price (up previously from $121.00) on shares of J M Smucker in a research report on Tuesday, February 20th. Finally, Gabelli reiterated a “buy” rating on shares of J M Smucker in a research note on Monday, March 5th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $123.46.
J M Smucker stock traded up $0.82 during mid-day trading on Wednesday, hitting $105.34. 12,265 shares of the company’s stock were exchanged, compared to its average volume of 1,896,226. The company has a market capitalization of $11.84 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.64 and a beta of 0.61. J M Smucker Co has a 1-year low of $96.13 and a 1-year high of $133.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.50 and a quick ratio of 0.68.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 7th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.18 by ($0.25). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.80 billion. J M Smucker had a net margin of 18.19% and a return on equity of 12.20%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 earnings per share. sell-side analysts anticipate that J M Smucker Co will post 8.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, May 10th. J M Smucker’s dividend payout ratio is 39.20%.
J M Smucker Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, 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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