Segall Bryant & Hamill LLC decreased its position in shares of J M Smucker Co (NYSE:SJM) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,681 shares of the company’s stock after selling 4,733 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in J M Smucker were worth $4,184,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Northern Oak Wealth Management Inc. boosted its stake in 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 acquiring an additional 25,571 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in J M Smucker by 35.9% in the fourth quarter. Sheets Smith Wealth Management now owns 17,018 shares of the company’s stock valued at $2,114,000 after buying an additional 4,500 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in J M Smucker by 2.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 407,057 shares of the company’s stock valued at $42,713,000 after buying an additional 8,475 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in J M Smucker by 6.2% in the third quarter. Allianz Asset Management GmbH now owns 139,088 shares of the company’s stock valued at $14,595,000 after buying an additional 8,060 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in J M Smucker by 68.2% in the third quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock valued at $111,964,000 after buying an additional 432,461 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction dated 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 directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. In the last three months, insiders sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by company insiders.
J M Smucker (NYSE:SJM) last announced its earnings results on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. J M Smucker’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 earnings per share. sell-side analysts forecast that J M Smucker Co will post 8.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.64%. J M Smucker’s payout ratio is presently 28.08%.
SJM has been the topic of a number of recent research reports. Susquehanna Bancshares set a $141.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a report on Friday, December 8th. Deutsche Bank boosted their target price on shares of J M Smucker from $130.00 to $134.00 and gave the stock a “hold” rating in a report on Tuesday, February 20th. Jefferies Group restated a “buy” rating and set a $135.00 target price on shares of J M Smucker in a report on Friday, February 16th. JPMorgan Chase & Co. restated a “sell” rating and set a $132.00 target price (up from $121.00) on shares of J M Smucker in a report on Tuesday, February 20th. Finally, Barclays restated an “equal weight” rating and set a $125.00 target price (up from $120.00) on shares of J M Smucker in a report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $129.38.
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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