Moneta Group Investment Advisors LLC grew its holdings in J M Smucker Co (NYSE:SJM) by 1,043.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,045 shares of the company’s stock after purchasing an additional 17,380 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in J M Smucker were worth $193,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SJM. Resources Investment Advisors Inc. raised its position in shares of J M Smucker by 10,650.0% during the 1st quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock valued at $25,000 after buying an additional 213 shares during the period. Guinness Asset Management Ltd raised its position in shares of J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after buying an additional 89 shares during the period. Zions Bancorporation N.A. purchased a new stake in shares of J M Smucker during the 1st quarter valued at approximately $31,000. Whitener Capital Management Inc. raised its position in shares of J M Smucker by 52.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the period. Finally, Alera Investment Advisors LLC purchased a new stake in shares of J M Smucker during the 1st quarter valued at approximately $35,000. 77.41% of the stock is currently owned by institutional investors and hedge funds.
J M Smucker stock traded down $2.20 during trading on Thursday, hitting $106.00. The company had a trading volume of 14,632 shares, compared to its average volume of 983,151. The company’s 50 day simple moving average is $110.51 and its 200-day simple moving average is $115.89. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 3.37 and a beta of 0.43. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.60. J M Smucker Co has a 1-year low of $91.32 and a 1-year high of $128.43.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.17). The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.88 billion. J M Smucker had a return on equity of 11.49% and a net margin of 6.95%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. As a group, analysts forecast that J M Smucker Co will post 8.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were paid a $0.88 dividend. This is an increase from J M Smucker’s previous quarterly dividend of $0.85. The ex-dividend date was Thursday, August 15th. This represents a $3.52 annualized dividend and a dividend yield of 3.32%. J M Smucker’s payout ratio is 42.46%.
Several research firms have recently commented on SJM. Citigroup reduced their price target on shares of J M Smucker from $142.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Guggenheim dropped their target price on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a report on Wednesday, August 28th. Stifel Nicolaus dropped their target price on shares of J M Smucker from $120.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Wells Fargo & Co reiterated a “market perform” rating and issued a $107.00 target price (down previously from $114.00) on shares of J M Smucker in a report on Wednesday, August 28th. Finally, ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $116.70.
In other J M Smucker news, SVP Geoff E. Tanner purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was acquired at an average price of $103.42 per share, for a total transaction of $103,420.00. Following the completion of the purchase, the senior vice president now directly owns 14,063 shares in the company, valued at approximately $1,454,395.46. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph Stanziano sold 319 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $119.20, for a total transaction of $38,024.80. Following the completion of the transaction, the insider now owns 14,857 shares of the company’s stock, valued at approximately $1,770,954.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,019 shares of company stock valued at $457,363. Insiders own 3.70% of the company’s stock.
About J M Smucker
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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