Chemical Bank lessened its position in shares of J M Smucker Co (NYSE:SJM) by 41.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,876 shares of the company’s stock after selling 1,325 shares during the period. Chemical Bank’s holdings in J M Smucker were worth $233,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. LSV Asset Management increased 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 buying an additional 643,817 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of J M Smucker by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock worth $181,908,000 after buying an additional 27,182 shares during the last quarter. Ariel Investments LLC increased its holdings in shares of J M Smucker by 18.8% in the 4th quarter. Ariel Investments LLC now owns 1,611,582 shares of the company’s stock worth $200,223,000 after buying an additional 254,864 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of J M Smucker by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,508,493 shares of the company’s stock worth $187,100,000 after buying an additional 51,463 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of J M Smucker by 4.4% in the 3rd quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock worth $128,005,000 after buying an additional 50,960 shares during the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on SJM. Jefferies Group reissued a “buy” rating and issued a $135.00 price target on shares of J M Smucker in a report on Thursday. Gabelli reissued a “buy” rating on shares of J M Smucker in a report on Monday, March 5th. Zacks Investment Research lowered shares of J M Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. reissued a “sell” rating and issued a $132.00 price target (up previously from $121.00) on shares of J M Smucker in a report on Tuesday, February 20th. Finally, Barclays reissued an “equal weight” rating and issued a $125.00 price target (up previously from $120.00) on shares of J M Smucker in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. J M Smucker has an average rating of “Hold” and an average target price of $129.38.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data 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. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. analysts forecast that J M Smucker Co will post 8.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, February 8th. This represents a $3.12 annualized dividend and a yield of 2.63%. J M Smucker’s payout ratio is currently 28.08%.
In other J M Smucker news, 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 transaction of $150,070.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction on Thursday, December 28th. The shares were 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. Insiders have sold a total of 5,610 shares of company stock valued at $698,093 in the last three months. 3.50% of the stock is currently owned by corporate insiders.
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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