Glenmede Trust Co. NA increased its position in J M Smucker Co (NYSE:SJM) by 386.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,115 shares of the company’s stock after acquiring an additional 174,049 shares during the period. Glenmede Trust Co. NA’s holdings in J M Smucker were worth $27,221,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. LSV Asset Management grew its holdings in shares of J M Smucker by 44.8% in the 4th quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock worth $258,554,000 after acquiring an additional 643,817 shares during the period. Bank of Montreal Can grew its holdings in shares of J M Smucker by 468.3% in the 4th quarter. Bank of Montreal Can now owns 577,433 shares of the company’s stock worth $71,741,000 after acquiring an additional 475,823 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of J M Smucker by 68.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after acquiring an additional 432,461 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of J M Smucker in the 4th quarter worth approximately $45,182,000. Finally, Truepoint Inc. grew its holdings in shares of J M Smucker by 9,203.5% in the 3rd quarter. Truepoint Inc. now owns 281,989 shares of the company’s stock worth $282,000 after acquiring an additional 278,958 shares during the period. Institutional investors and hedge funds own 77.58% of the company’s stock.
J M Smucker Co (NYSE SJM) opened at $126.29 on Tuesday. J M Smucker Co has a 52 week low of $99.57 and a 52 week high of $139.10. The firm has a market capitalization of $14,295.31, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.94 and a beta of 0.62. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.34. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.00 EPS. sell-side analysts expect that J M Smucker Co will post 8.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 9th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is currently 28.08%.
In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Insiders sold a total of 5,610 shares of company stock worth $698,093 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.
A number of research firms recently weighed in on SJM. Gabelli restated a “buy” rating on shares of J M Smucker in a report on Monday, March 5th. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the company a “hold” rating in a report on Wednesday, January 10th. Wells Fargo set a $128.00 target price on J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Susquehanna Bancshares reiterated a “buy” rating and set a $151.00 target price on shares of J M Smucker in a report on Friday, January 26th. Finally, Zacks Investment Research upgraded J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $129.43.
About J M Smucker
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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