State Board of Administration of Florida Retirement System lifted its stake in J M Smucker Co (NYSE:SJM) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,491 shares of the company’s stock after purchasing an additional 716 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of J M Smucker worth $13,695,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of J M Smucker during the fourth quarter valued at about $28,000. Meeder Asset Management Inc. purchased a new position in shares of J M Smucker in the 4th quarter valued at approximately $44,000. Private Capital Group LLC purchased a new position in shares of J M Smucker in the 4th quarter valued at approximately $50,000. First Mercantile Trust Co. raised its position in shares of J M Smucker by 48.9% in the 4th quarter. First Mercantile Trust Co. now owns 670 shares of the company’s stock valued at $63,000 after purchasing an additional 220 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in shares of J M Smucker in the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.
Shares of NYSE SJM traded down $0.63 during midday trading on Monday, reaching $102.98. 103,154 shares of the stock were exchanged, compared to its average volume of 740,600. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.17 and a beta of 0.56. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $133.38. 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 (NYSE:SJM) last issued its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.12). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.05 billion. J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. J M Smucker’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 EPS. Analysts anticipate that J M Smucker Co will post 8.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.40 dividend on an annualized basis and a yield of 3.30%. J M Smucker’s payout ratio is currently 42.71%.
SJM has been the subject of several research analyst reports. Jefferies Financial Group set a $125.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research report on Wednesday, November 28th. Credit Suisse Group raised shares of J M Smucker to a “hold” rating and set a $94.00 price objective for the company in a research report on Thursday, November 29th. Zacks Investment Research lowered shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Guggenheim began coverage on shares of J M Smucker in a report on Tuesday, January 22nd. They issued a “sell” rating and a $85.00 price target on the stock. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $116.85.
In other J M Smucker news, insider David J. Lemmon sold 1,017 shares of the firm’s stock in a transaction on Monday, December 31st. The stock was sold at an average price of $92.99, for a total value of $94,570.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Smucker acquired 20,000 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was purchased at an average price of $103.09 per share, for a total transaction of $2,061,800.00. Following the acquisition, the chairman now directly owns 681,387 shares in the company, valued at approximately $70,244,185.83. The disclosure for this purchase can be found here. Insiders acquired a total of 32,000 shares of company stock worth $3,234,860 in the last 90 days. 3.92% of the stock is currently owned by insiders.
J M Smucker Company 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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