Folger Nolan Fleming Douglas Capital Management Inc. cut its stake in shares of J M Smucker Co (NYSE:SJM) by 90.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 468 shares of the company’s stock after selling 4,538 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in J M Smucker were worth $47,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Howe & Rusling Inc. raised its stake in J M Smucker by 218.3% during the 4th quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in J M Smucker during the 4th quarter valued at approximately $28,000. Meeder Asset Management Inc. acquired a new position in J M Smucker during the 4th quarter worth approximately $44,000. Private Capital Group LLC acquired a new position in J M Smucker during the 4th quarter worth approximately $50,000. Finally, Bremer Trust National Association acquired a new position in J M Smucker during the 4th quarter worth approximately $51,000. 79.14% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on SJM shares. Barclays restated a “hold” rating and issued a $103.00 price target on shares of J M Smucker in a report on Sunday, December 2nd. Zacks Investment Research restated a “sell” rating on shares of J M Smucker in a report on Monday, December 31st. Jefferies Financial Group restated a “buy” rating and issued a $125.00 price target on shares of J M Smucker in a report on Friday, January 11th. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Finally, Credit Suisse Group upgraded J M Smucker to a “hold” rating and set a $94.00 price target on the stock in a report on Thursday, November 29th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. J M Smucker presently has a consensus rating of “Hold” and a consensus price target of $112.73.
SJM opened at $106.82 on Friday. The company has a market capitalization of $11.54 billion, a P/E ratio of 13.42, a PEG ratio of 2.13 and a beta of 0.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 1.25. J M Smucker Co has a 1-year low of $91.32 and a 1-year high of $133.38.
J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. J M Smucker’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 EPS. As a group, equities research analysts forecast that J M Smucker Co will post 8.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, February 14th. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.
In other J M Smucker news, insider David J. Lemmon sold 1,017 shares of the stock in a transaction on Monday, December 31st. The stock was sold at an average price of $92.99, for a total transaction of $94,570.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy P. Smucker bought 11,000 shares of the stock in a transaction on Wednesday, December 19th. The shares were bought at an average price of $98.26 per share, for a total transaction of $1,080,860.00. Following the acquisition, the director now owns 579,652 shares in the company, valued at approximately $56,956,605.52. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 12,000 shares of company stock worth $1,173,060. 3.92% of the stock is owned by insiders.
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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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