Royal Fund Management LLC acquired a new stake in shares of J M Smucker Co (NYSE:SJM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 510 shares of the company’s stock, valued at approximately $56,000.
A number of other large investors have also bought and sold shares of SJM. BlackRock Inc. grew its stake in J M Smucker by 2.4% during the 1st quarter. BlackRock Inc. now owns 9,937,204 shares of the company’s stock valued at $1,103,030,000 after acquiring an additional 237,548 shares in the last quarter. State Street Corp grew its holdings in J M Smucker by 5.0% during the fourth quarter. State Street Corp now owns 8,260,167 shares of the company’s stock valued at $860,131,000 after purchasing an additional 389,917 shares during the last quarter. LSV Asset Management grew its holdings in J M Smucker by 1.9% during the fourth quarter. LSV Asset Management now owns 4,156,371 shares of the company’s stock valued at $432,802,000 after purchasing an additional 75,896 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in J M Smucker by 21.1% during the fourth quarter. Champlain Investment Partners LLC now owns 1,880,100 shares of the company’s stock valued at $195,775,000 after purchasing an additional 327,445 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in J M Smucker by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,795,582 shares of the company’s stock valued at $186,593,000 after purchasing an additional 30,497 shares during the last quarter. 78.67% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on SJM. ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Barclays restated a “hold” rating and issued a $112.00 price objective on shares of J M Smucker in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of J M Smucker from $109.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. TheStreet upgraded shares of J M Smucker from a “c+” rating to a “b-” rating in a research note on Tuesday, February 4th. Finally, Sanford C. Bernstein upgraded shares of J M Smucker from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $92.00 to $115.00 in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $114.69.
In other J M Smucker news, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction on Friday, April 24th. The stock was sold at an average price of $117.12, for a total transaction of $87,840.00. Following the completion of the transaction, the chief financial officer now directly owns 48,192 shares of the company’s stock, valued at $5,644,247.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.
Shares of SJM stock opened at $108.56 on Friday. The stock has a market cap of $12.30 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 5.87 and a beta of 0.16. J M Smucker Co has a one year low of $91.88 and a one year high of $127.91. The stock has a fifty day moving average price of $115.27 and a 200 day moving average price of $108.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.77 and a quick ratio of 0.31.
J M Smucker (NYSE:SJM) last issued its earnings results on Wednesday, February 26th. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. J M Smucker had a return on equity of 11.70% and a net margin of 8.21%. J M Smucker’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $2.26 earnings per share. Equities research analysts anticipate that J M Smucker Co will post 8.46 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.24%. J M Smucker’s payout ratio is presently 42.46%.
J M Smucker Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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