Kidder Stephen W cut its position in J M Smucker Co (NYSE:SJM) by 59.7% in the fourth quarter, HoldingsChannel reports. The firm owned 8,925 shares of the company’s stock after selling 13,242 shares during the quarter. Kidder Stephen W’s holdings in J M Smucker were worth $1,108,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SJM. Sit Investment Associates Inc. increased its stake in shares of J M Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after purchasing an additional 620 shares in the last quarter. Ramsay Stattman Vela & Price Inc. purchased a new stake in shares of J M Smucker in the fourth quarter worth $200,000. Flagship Harbor Advisors LLC purchased a new stake in shares of J M Smucker in the third quarter worth $201,000. Well Done LLC purchased a new stake in shares of J M Smucker in the third quarter worth $201,000. Finally, Stokes & Hubbell Capital Management LLC purchased a new stake in shares of J M Smucker in the third quarter worth $202,000. 75.48% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is owned by company insiders.
J M Smucker Co (NYSE SJM) opened at $120.12 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68. The firm has a market cap of $13,645.34, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.04 and a beta of 0.65.
J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. J M Smucker’s revenue for the quarter was up .5% on a year-over-year basis. analysts expect that J M Smucker Co will post 7.83 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.60%. J M Smucker’s dividend payout ratio is 63.03%.
A number of brokerages have recently issued reports on SJM. Credit Suisse Group set a $120.00 price objective on shares of J M Smucker and gave the stock a “hold” rating in a research note on Wednesday, January 10th. UBS Group raised shares of J M Smucker from a “neutral” rating to a “positive” rating in a research note on Monday, November 13th. Morgan Stanley set a $106.00 price objective on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, October 13th. Stifel Nicolaus increased their price objective on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $110.00 price objective on shares of J M Smucker in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.83.
J M Smucker 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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