Broderick Brian C Has $308,000 Holdings in J M Smucker Co (NYSE:SJM)

Broderick Brian C lowered its position in shares of J M Smucker Co (NYSE:SJM) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,642 shares of the company’s stock after selling 310 shares during the period. Broderick Brian C’s holdings in J M Smucker were worth $308,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ropes Wealth Advisors LLC lifted its holdings in shares of J M Smucker by 360.3% during the first quarter. Ropes Wealth Advisors LLC now owns 1,841 shares of the company’s stock worth $214,000 after purchasing an additional 1,441 shares during the period. Morningstar Investment Services LLC increased its position in shares of J M Smucker by 2.7% in the fourth quarter. Morningstar Investment Services LLC now owns 4,055 shares of the company’s stock valued at $379,000 after buying an additional 105 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of J M Smucker in the first quarter valued at approximately $449,000. Morgan Stanley increased its position in shares of J M Smucker by 100.2% in the third quarter. Morgan Stanley now owns 842,732 shares of the company’s stock valued at $86,473,000 after buying an additional 421,792 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of J M Smucker by 13.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 301,975 shares of the company’s stock valued at $28,232,000 after buying an additional 35,380 shares in the last quarter. Hedge funds and other institutional investors own 79.50% of the company’s stock.

Shares of SJM traded up $0.59 during midday trading on Wednesday, reaching $127.28. 444,870 shares of the company were exchanged, compared to its average volume of 1,007,435. The stock has a market cap of $14.43 billion, a PE ratio of 15.99, a P/E/G ratio of 2.93 and a beta of 0.58. J M Smucker Co has a 1-year low of $91.32 and a 1-year high of $128.43. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.23. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. On average, research analysts anticipate that J M Smucker Co will post 8.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, May 16th. J M Smucker’s dividend payout ratio (DPR) is 42.71%.

SJM has been the subject of several analyst reports. Zacks Investment Research cut J M Smucker from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Citigroup raised their price target on J M Smucker from $122.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Wells Fargo & Co raised their price target on J M Smucker from $100.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, February 25th. Bank of America reaffirmed a “neutral” rating and set a $107.00 price objective on shares of J M Smucker in a report on Friday, May 17th. Finally, ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $117.18.

In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the transaction, the senior vice president now owns 24,292 shares in the company, valued at $2,498,675.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.92% of the company’s stock.

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

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