Jefferies Group LLC lifted its holdings in shares of J M Smucker Co (NYSE:SJM) by 580.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,634 shares of the company’s stock after purchasing an additional 32,105 shares during the period. Jefferies Group LLC’s holdings in J M Smucker were worth $4,676,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of J M Smucker by 9.5% during the 3rd quarter. Toronto Dominion Bank now owns 43,226 shares of the company’s stock worth $4,535,000 after buying an additional 3,766 shares in the last quarter. Northern Oak Wealth Management Inc. raised its stake in shares of J M Smucker by 98.4% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 51,554 shares of the company’s stock worth $5,410,000 after buying an additional 25,571 shares in the last quarter. Sheets Smith Wealth Management raised its stake in shares of J M Smucker by 35.9% during the 4th quarter. Sheets Smith Wealth Management now owns 17,018 shares of the company’s stock worth $2,114,000 after buying an additional 4,500 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of J M Smucker by 2.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 407,057 shares of the company’s stock worth $42,713,000 after buying an additional 8,475 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of J M Smucker by 6.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 139,088 shares of the company’s stock worth $14,595,000 after buying an additional 8,060 shares in the last quarter. 76.54% of the stock is owned by institutional investors and hedge funds.
SJM has been the subject of a number of analyst reports. UBS Group raised J M Smucker from a “neutral” rating to a “positive” rating in a research note on Monday, November 13th. Susquehanna Bancshares raised J M Smucker from a “neutral” rating to a “positive” rating and raised their price objective for the company from $110.00 to $127.00 in a research note on Monday, November 13th. Credit Suisse Group set a $110.00 price objective on J M Smucker and gave the company a “hold” rating in a research note on Friday, November 17th. Morgan Stanley set a $112.00 price objective on J M Smucker and gave the company a “sell” rating in a research note on Friday, November 17th. Finally, Stifel Nicolaus raised their price objective on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. J M Smucker presently has a consensus rating of “Hold” and an average target price of $129.43.
J M Smucker (NYSE:SJM) last announced its earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.34. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. J M Smucker’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 EPS. equities research analysts forecast that J M Smucker Co will post 8.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is presently 28.08%.
In other J M Smucker 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 transaction of $198,976.00. Following the sale, the senior vice president now owns 23,452 shares in the company, valued at approximately $2,916,490.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Friday, December 29th. The shares were 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. In the last quarter, insiders have sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is owned by insiders.
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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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