Guggenheim Capital LLC lifted its holdings in J M Smucker Co (NYSE:SJM) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 588,674 shares of the company’s stock after buying an additional 56,718 shares during the period. Guggenheim Capital LLC owned approximately 0.52% of J M Smucker worth $73,133,000 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 lifted its stake in J M Smucker by 44.8% in the fourth quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock valued at $258,554,000 after purchasing an additional 643,817 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of J M Smucker by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock worth $181,908,000 after acquiring an additional 27,182 shares in the last quarter. Ariel Investments LLC lifted its position in shares of J M Smucker by 18.8% during the fourth quarter. Ariel Investments LLC now owns 1,611,582 shares of the company’s stock worth $200,223,000 after acquiring an additional 254,864 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of J M Smucker by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,508,493 shares of the company’s stock worth $187,100,000 after acquiring an additional 51,463 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of J M Smucker by 4.4% during the third quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock worth $128,005,000 after acquiring an additional 50,960 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.
J M Smucker Co (NYSE SJM) opened at $129.92 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.48 and a quick ratio of 0.64. J M Smucker Co has a 12 month low of $99.57 and a 12 month high of $140.44. The company has a market capitalization of $14,758.80, a price-to-earnings ratio of 16.59, a P/E/G ratio of 2.00 and a beta of 0.62.
The firm 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 of this dividend was Thursday, February 8th. This represents a $3.12 annualized dividend and a yield of 2.40%. J M Smucker’s payout ratio is 28.08%.
Several equities research analysts have issued reports on the company. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $141.00 target price on J M Smucker and gave the stock a “buy” rating in a research report on Friday, December 8th. Stifel Nicolaus increased their target price on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Jefferies Group restated a “buy” rating and set a $135.00 target price on shares of J M Smucker in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Tuesday, February 20th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. J M Smucker has an average rating of “Hold” and an average price target of $129.43.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction dated 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 owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,610 shares of company stock valued at $698,093. Company insiders own 3.50% of the company’s stock.
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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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