QS Investors LLC trimmed its holdings in J M Smucker Co (NYSE:SJM) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,672 shares of the company’s stock after selling 3,227 shares during the period. QS Investors LLC’s holdings in J M Smucker were worth $6,295,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Sit Investment Associates Inc. grew its position in J M Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after acquiring an additional 620 shares in the last quarter. Independence Bank of Kentucky bought a new stake in J M Smucker in the fourth quarter worth approximately $173,000. Ramsay Stattman Vela & Price Inc. acquired a new stake in shares of J M Smucker in the fourth quarter worth $200,000. Baker Avenue Asset Management LP acquired a new stake in shares of J M Smucker in the fourth quarter worth $201,000. Finally, Mutual of Omaha Bank Wealth Management acquired a new stake in shares of J M Smucker in the fourth quarter worth $205,000. 77.65% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. Gabelli restated a “buy” rating on shares of J M Smucker in a research note on Monday, March 5th. Zacks Investment Research cut shares of J M Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. restated a “sell” rating and issued a $132.00 price objective (up from $121.00) on shares of J M Smucker in a research note on Tuesday, February 20th. Barclays restated an “equal weight” rating and issued a $125.00 price objective (up from $120.00) on shares of J M Smucker in a research note on Tuesday, February 20th. Finally, Deutsche Bank boosted their price objective on shares of J M Smucker from $130.00 to $134.00 and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $129.43.
J M Smucker Co (NYSE SJM) opened at $131.53 on Wednesday. The company has a market cap of $14,803.10, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.01 and a beta of 0.62. J M Smucker Co has a one year low of $99.57 and a one year high of $140.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 1.48.
J M Smucker (NYSE:SJM) last released its earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.34. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. equities analysts predict that J M Smucker Co will post 8.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 9th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 8th. J M Smucker’s payout ratio is currently 28.08%.
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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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