Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of J M Smucker Co (NYSE:SJM) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,237 shares of the company’s stock after purchasing an additional 587 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in J M Smucker were worth $969,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Schroder Investment Management Group lifted its holdings in shares of J M Smucker by 7,253.2% during the 2nd quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock worth $137,699,000 after acquiring an additional 1,150,873 shares during the period. BlackRock Inc. lifted its holdings in shares of J M Smucker by 7.6% during the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after acquiring an additional 578,984 shares during the period. Koch Industries Inc. purchased a new position in shares of J M Smucker during the 2nd quarter worth about $495,000. Renaissance Technologies LLC purchased a new position in shares of J M Smucker during the 2nd quarter worth about $54,456,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of J M Smucker by 251.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock worth $76,033,000 after acquiring an additional 459,528 shares during the period. 75.46% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on SJM shares. BidaskClub upgraded shares of J M Smucker from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Susquehanna Bancshares set a $131.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co downgraded shares of J M Smucker from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $135.00 to $116.00 in a research report on Thursday, August 24th. Credit Suisse Group set a $110.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Morgan Stanley reaffirmed a “sell” rating and issued a $108.00 price objective (down previously from $114.00) on shares of J M Smucker in a research report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $124.73.
Shares of J M Smucker Co (NYSE:SJM) traded up $1.45 on Thursday, reaching $118.91. The company had a trading volume of 755,100 shares, compared to its average volume of 1,120,474. J M Smucker Co has a 52-week low of $99.57 and a 52-week high of $143.68. The company has a market capitalization of $13,343.17, a PE ratio of 16.02, a PEG ratio of 2.17 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. sell-side analysts predict that J M Smucker Co will post 7.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Thursday, November 9th. J M Smucker’s payout ratio is 63.03%.
In related news, Director Gary A. Oatey bought 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $107.30 per share, for a total transaction of $107,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
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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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