Howe & Rusling Inc. boosted its position in J M Smucker Co (NYSE:SJM) by 218.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 296 shares of the company’s stock after buying an additional 203 shares during the quarter. Howe & Rusling Inc.’s holdings in J M Smucker were worth $28,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of J M Smucker by 100.2% during the third quarter. Morgan Stanley now owns 842,732 shares of the company’s stock valued at $86,473,000 after purchasing an additional 421,792 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of J M Smucker by 6.6% during the third quarter. Tandem Investment Advisors Inc. now owns 122,790 shares of the company’s stock valued at $12,599,000 after purchasing an additional 7,633 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of J M Smucker by 25.2% during the third quarter. WINTON GROUP Ltd now owns 2,724 shares of the company’s stock valued at $280,000 after purchasing an additional 548 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of J M Smucker during the third quarter valued at approximately $154,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of J M Smucker by 83.6% during the third quarter. Nisa Investment Advisors LLC now owns 30,475 shares of the company’s stock valued at $3,127,000 after purchasing an additional 13,879 shares during the last quarter. 78.48% of the stock is owned by hedge funds and other institutional investors.
In other J M Smucker news, Chairman Richard K. Smucker acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was acquired at an average cost of $103.09 per share, with a total value of $2,061,800.00. Following the acquisition, the chairman now directly owns 681,387 shares of the company’s stock, valued at approximately $70,244,185.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David J. Lemmon sold 1,017 shares of the stock in a transaction that occurred on Monday, December 31st. The stock was sold at an average price of $92.99, for a total value of $94,570.83. The disclosure for this sale can be found here. Insiders purchased a total of 32,000 shares of company stock valued at $3,234,860 over the last three months. Corporate insiders own 3.92% of the company’s stock.
Several equities analysts have recently commented on SJM shares. Barclays reaffirmed a “hold” rating and set a $103.00 target price on shares of J M Smucker in a report on Sunday, December 2nd. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a report on Monday, December 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 target price on shares of J M Smucker in a report on Friday, January 11th. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Finally, Credit Suisse Group raised J M Smucker to a “hold” rating and set a $94.00 target price for the company in a report on Thursday, November 29th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. J M Smucker has a consensus rating of “Hold” and a consensus target price of $116.85.
Shares of SJM stock opened at $103.61 on Friday. J M Smucker Co has a 12-month low of $91.32 and a 12-month high of $133.38. The company has a market capitalization of $11.79 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 0.57.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.12). J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $2.02 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that J M Smucker Co will post 8.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, February 14th. J M Smucker’s dividend payout ratio (DPR) is 42.71%.
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J M Smucker Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and 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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