CSat Investment Advisory L.P. Raises Stake in J M Smucker Co (NYSE:SJM)

CSat Investment Advisory L.P. grew its stake in shares of J M Smucker Co (NYSE:SJM) by 17.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,690 shares of the company’s stock after acquiring an additional 409 shares during the period. CSat Investment Advisory L.P.’s holdings in J M Smucker were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SJM. Guinness Asset Management Ltd boosted its holdings in J M Smucker by 52.7% in the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the period. Stephens Inc. AR boosted its position in shares of J M Smucker by 0.4% during the second quarter. Stephens Inc. AR now owns 22,433 shares of the company’s stock worth $2,584,000 after buying an additional 94 shares during the period. Foster Dykema Cabot & Co. Inc. MA boosted its position in shares of J M Smucker by 1.7% during the first quarter. Foster Dykema Cabot & Co. Inc. MA now owns 5,903 shares of the company’s stock worth $688,000 after buying an additional 100 shares during the period. Whitener Capital Management Inc. boosted its position in shares of J M Smucker by 52.4% during the second quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock worth $33,000 after buying an additional 100 shares during the period. Finally, Mission Wealth Management LP boosted its position in J M Smucker by 5.3% during the second quarter. Mission Wealth Management LP now owns 2,060 shares of the company’s stock valued at $237,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 77.42% of the company’s stock.

SJM has been the topic of several research analyst reports. Guggenheim dropped their price objective on J M Smucker from $99.00 to $93.00 and set a “sell” rating on the stock in a research note on Wednesday, August 28th. Citigroup dropped their price objective on J M Smucker from $142.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Co restated a “market perform” rating and issued a $107.00 price objective (down previously from $114.00) on shares of J M Smucker in a research note on Wednesday, August 28th. ValuEngine lowered J M Smucker from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus dropped their price objective on J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $116.70.

NYSE:SJM traded up $0.17 on Friday, hitting $107.81. The company’s stock had a trading volume of 585,590 shares, compared to its average volume of 1,155,124. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $109.59 and a two-hundred day moving average of $116.02. The firm has a market capitalization of $12.28 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 3.46 and a beta of 0.43. J M Smucker Co has a one year low of $91.32 and a one year high of $128.43.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.17). The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.88 billion. J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. J M Smucker’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. As a group, sell-side analysts anticipate that J M Smucker Co will post 8.39 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.27%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85. J M Smucker’s dividend payout ratio (DPR) is 42.46%.

In other news, SVP Geoff E. Tanner bought 1,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were bought at an average price of $103.42 per share, for a total transaction of $103,420.00. Following the completion of the purchase, the senior vice president now owns 14,063 shares in the company, valued at $1,454,395.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark T. Smucker sold 2,200 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $249,216.00. Following the transaction, the chief executive officer now owns 140,975 shares in the company, valued at approximately $15,969,648. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,506 shares of company stock worth $510,300. 3.70% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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