Aviva PLC Decreases Stake in J M Smucker Co (SJM)

Aviva PLC reduced its holdings in shares of J M Smucker Co (NYSE:SJM) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,340 shares of the company’s stock after selling 1,972 shares during the quarter. Aviva PLC’s holdings in J M Smucker were worth $5,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Schroder Investment Management Group grew its stake in shares of J M Smucker by 1,338.0% in the second quarter. Schroder Investment Management Group now owns 639,900 shares of the company’s stock valued at $69,781,000 after buying an additional 595,400 shares in the last quarter. BlackRock Inc. grew its stake in shares of J M Smucker by 5.4% in the second quarter. BlackRock Inc. now owns 9,452,323 shares of the company’s stock valued at $1,015,934,000 after buying an additional 484,096 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of J M Smucker in the second quarter valued at $51,752,000. Thompson Siegel & Walmsley LLC grew its stake in shares of J M Smucker by 88.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 700,106 shares of the company’s stock valued at $75,248,000 after buying an additional 327,621 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of J M Smucker by 48.1% in the third quarter. Russell Investments Group Ltd. now owns 485,105 shares of the company’s stock valued at $49,770,000 after buying an additional 157,545 shares in the last quarter. 79.44% of the stock is owned by institutional investors.

SJM stock opened at $98.17 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 0.57. J M Smucker Co has a one year low of $96.13 and a one year high of $133.38. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.15 and a beta of 0.38.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.12). J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm earned $2.02 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that J M Smucker Co will post 7.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 16th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, November 15th. This represents a $3.40 dividend on an annualized basis and a yield of 3.46%. J M Smucker’s dividend payout ratio (DPR) is 42.71%.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,500 shares of J M Smucker stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares of the company’s stock, valued at $2,904,045.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Richard K. Smucker acquired 20,000 shares of J M Smucker stock in a transaction on Friday, November 30th. The shares were bought at an average cost of $103.09 per share, with a total value of $2,061,800.00. Following the completion of the transaction, the chairman now owns 681,387 shares of the company’s stock, valued at $70,244,185.83. The disclosure for this purchase can be found here. Insiders own 3.92% of the company’s stock.

Several research firms recently weighed in on SJM. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Morgan Stanley decreased their target price on shares of J M Smucker from $100.00 to $98.00 and set an “underweight” rating for the company in a research note on Thursday, November 29th. Credit Suisse Group raised shares of J M Smucker to a “hold” rating and set a $94.00 target price for the company in a research note on Thursday, November 29th. Finally, Jefferies Financial Group set a $125.00 target price on shares of J M Smucker and gave the company a “buy” rating in a research note on Wednesday, November 28th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $117.33.

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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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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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