J M Smucker Co (SJM) Stake Boosted by Captrust Financial Advisors

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Captrust Financial Advisors grew its stake in shares of J M Smucker Co (NYSE:SJM) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,996 shares of the company’s stock after acquiring an additional 575 shares during the quarter. Captrust Financial Advisors’ holdings in J M Smucker were worth $561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SJM. Quantamental Technologies LLC acquired a new position in shares of J M Smucker during the fourth quarter valued at about $28,000. Howe & Rusling Inc. increased its holdings in J M Smucker by 218.3% in the 4th quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock worth $28,000 after buying an additional 203 shares during the period. Meeder Asset Management Inc. acquired a new position in J M Smucker in the 4th quarter worth approximately $44,000. Private Capital Group LLC acquired a new position in J M Smucker in the 4th quarter worth approximately $50,000. Finally, Bremer Trust National Association acquired a new position in J M Smucker in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 77.32% of the company’s stock.

Shares of NYSE:SJM opened at $103.85 on Friday. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $131.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.44 and a current ratio of 0.95. The company has a market capitalization of $11.75 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.55.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.24. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that J M Smucker Co will post 8.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a $0.85 dividend. The ex-dividend date was Thursday, February 14th. This represents a $3.40 annualized dividend and a yield of 3.27%. J M Smucker’s dividend payout ratio is presently 42.71%.

In related news, Director Timothy P. Smucker acquired 11,000 shares of the stock in a transaction on Wednesday, December 19th. The shares were acquired at an average price of $98.26 per share, for a total transaction of $1,080,860.00. Following the transaction, the director now owns 579,652 shares in the company, valued at approximately $56,956,605.52. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathryn W. Dindo acquired 500 shares of the stock in a transaction on Thursday, December 27th. The stock was bought at an average price of $92.20 per share, for a total transaction of $46,100.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 12,000 shares of company stock worth $1,173,060. Insiders own 3.92% of the company’s stock.

SJM has been the topic of several research reports. Zacks Investment Research downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Jefferies Financial Group set a $125.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a report on Wednesday, November 28th. Credit Suisse Group upgraded shares of J M Smucker to a “hold” rating and set a $94.00 price target on the stock in a report on Thursday, November 29th. Finally, ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. J M Smucker presently has a consensus rating of “Hold” and an average price target of $112.73.

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

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