LPL Financial LLC lifted its stake in J M Smucker Co (NYSE:SJM) by 4.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,965 shares of the company’s stock after acquiring an additional 1,136 shares during the period. LPL Financial LLC’s holdings in J M Smucker were worth $3,468,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Hall Laurie J Trustee boosted its holdings in shares of J M Smucker by 153.1% in the first quarter. Hall Laurie J Trustee now owns 810 shares of the company’s stock worth $101,000 after acquiring an additional 490 shares during the period. Signaturefd LLC bought a new position in shares of J M Smucker in the first quarter worth $106,000. Bedel Financial Consulting Inc. bought a new position in shares of J M Smucker in the first quarter worth $108,000. Whittier Trust Co. boosted its holdings in shares of J M Smucker by 77.6% in the first quarter. Whittier Trust Co. now owns 1,156 shares of the company’s stock worth $144,000 after acquiring an additional 505 shares during the period. Finally, Well Done LLC bought a new position in shares of J M Smucker in the first quarter worth $185,000. 79.21% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Timothy P. Smucker purchased 5,000 shares of the stock in a transaction on Wednesday, June 13th. The shares were acquired at an average price of $106.09 per share, for a total transaction of $530,450.00. Following the completion of the transaction, the chairman now directly owns 557,802 shares of the company’s stock, valued at approximately $59,177,214.18. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jill R. Penrose sold 518 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $106.27, for a total value of $55,047.86. Following the sale, the senior vice president now owns 10,537 shares in the company, valued at approximately $1,119,766.99. The disclosure for this sale can be found here. Insiders have sold 16,842 shares of company stock worth $1,801,621 in the last 90 days. Company insiders own 3.50% of the company’s stock.
NYSE:SJM opened at $109.05 on Friday. The firm has a market cap of $12.39 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. J M Smucker Co has a 52-week low of $96.13 and a 52-week 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 posted its quarterly earnings data 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). J M Smucker had a net margin of 18.19% and a return on equity of 12.20%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $1.80 EPS. J M Smucker’s quarterly revenue was down .1% on a year-over-year basis. equities research analysts anticipate that J M Smucker Co will post 8.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.86%. J M Smucker’s payout ratio is 39.20%.
A number of equities analysts have recently commented on SJM shares. ValuEngine raised J M Smucker from a “strong sell” rating to a “sell” rating in a report on Wednesday. Barclays reaffirmed a “hold” rating on shares of J M Smucker in a report on Monday, June 11th. Credit Suisse Group cut their price target on J M Smucker from $115.00 to $98.00 and set an “underperform” rating for the company in a report on Tuesday, June 5th. Stephens lifted their price objective on J M Smucker from $125.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, April 6th. Finally, Citigroup lifted their price objective on J M Smucker from $146.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, April 5th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $123.23.
J M Smucker Company 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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