BlackRock Inc. increased its holdings in J M Smucker Co (NYSE:SJM) by 0.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,287,833 shares of the company’s stock after purchasing an additional 1,699 shares during the quarter. BlackRock Inc. owned 0.07% of J M Smucker worth $1,029,681,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in 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 purchasing an additional 643,817 shares during the period. Dimensional Fund Advisors LP raised its holdings in 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 purchasing an additional 27,182 shares during the period. Schroder Investment Management Group raised its holdings in 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 purchasing an additional 50,960 shares during the period. Parametric Portfolio Associates LLC raised its holdings in J M Smucker by 68.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after purchasing an additional 432,461 shares during the period. Finally, American Century Companies Inc. raised its holdings in J M Smucker by 67.4% in the 3rd quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock worth $104,764,000 after purchasing an additional 402,167 shares during the period. 75.62% of the stock is owned by institutional investors.
J M Smucker Co (SJM) opened at $122.84 on Friday. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $143.45. The company has a market capitalization of $13,950.00, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.65. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.34. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.00 earnings per share. equities research analysts expect that J M Smucker Co will post 8.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a $0.78 dividend. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.54%. J M Smucker’s dividend payout ratio (DPR) is presently 65.55%.
SJM has been the subject of a number of analyst reports. Susquehanna Bancshares set a $150.00 price target on J M Smucker and gave the stock a “buy” rating in a report on Thursday, January 4th. Jefferies Group set a $135.00 target price on J M Smucker and gave the company a “buy” rating in a report on Saturday, November 18th. Zacks Investment Research raised J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Tuesday. Barclays reissued an “equal weight” rating and set a $125.00 target price (up previously from $120.00) on shares of J M Smucker in a report on Tuesday. Finally, Credit Suisse Group set a $120.00 target price on J M Smucker and gave the company a “hold” rating in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. J M Smucker presently has an average rating of “Hold” and an average price target of $129.43.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the sale, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction that occurred 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. Insiders sold 5,610 shares of company stock valued at $698,093 over the last 90 days. Company insiders own 3.50% of the company’s stock.
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.
Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.