Aigen Investment Management LP bought a new stake in J M Smucker Co (NYSE:SJM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,984 shares of the company’s stock, valued at approximately $207,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of J M Smucker by 2.7% during the second quarter. BlackRock Inc. now owns 9,934,921 shares of the company’s stock worth $1,144,403,000 after buying an additional 258,305 shares in the last quarter. State Street Corp boosted its position in J M Smucker by 2.7% during the third quarter. State Street Corp now owns 7,870,250 shares of the company’s stock worth $865,885,000 after acquiring an additional 203,675 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in J M Smucker by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,369,701 shares of the company’s stock valued at $480,754,000 after acquiring an additional 255,302 shares in the last quarter. California Public Employees Retirement System grew its stake in J M Smucker by 11.0% during the 3rd quarter. California Public Employees Retirement System now owns 931,900 shares of the company’s stock valued at $102,528,000 after acquiring an additional 92,294 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in J M Smucker by 16.9% in the 3rd quarter. Stifel Financial Corp now owns 844,548 shares of the company’s stock valued at $93,108,000 after acquiring an additional 121,786 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.
A number of research firms have weighed in on SJM. TheStreet raised shares of J M Smucker from a “c+” rating to a “b-” rating in a research note on Tuesday, February 4th. ValuEngine cut J M Smucker from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Deutsche Bank assumed coverage on J M Smucker in a research report on Wednesday, December 11th. They set a “hold” rating and a $108.00 price objective on the stock. Wells Fargo & Co reiterated a “hold” rating on shares of J M Smucker in a research report on Monday, December 9th. Finally, Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research note on Friday, November 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $110.60.
In other J M Smucker news, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $110.00, for a total value of $82,500.00. Following the sale, the chief financial officer now owns 52,692 shares in the company, valued at $5,796,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 1,098 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $102.92, for a total value of $113,006.16. Following the completion of the transaction, the insider now directly owns 20,708 shares in the company, valued at approximately $2,131,267.36. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
Shares of SJM stock opened at $110.00 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.28. The company has a market capitalization of $12.53 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 5.39 and a beta of 0.42. The firm’s 50-day moving average is $105.56 and its two-hundred day moving average is $107.06. J M Smucker Co has a 12 month low of $99.54 and a 12 month high of $128.43.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Friday, November 22nd. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.13. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. J M Smucker had a net margin of 7.30% and a return on equity of 11.60%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 EPS. Sell-side analysts forecast that J M Smucker Co will post 8.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 14th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $3.52 annualized dividend and a yield of 3.20%. J M Smucker’s payout ratio is 42.46%.
J M Smucker Profile
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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