Private Capital Group LLC increased its holdings in shares of J M Smucker Co (NYSE:SJM) by 19.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 634 shares of the company’s stock after acquiring an additional 104 shares during the period. Private Capital Group LLC’s holdings in J M Smucker were worth $74,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in J M Smucker by 52.0% during the 3rd quarter. Mackenzie Financial Corp now owns 4,438 shares of the company’s stock worth $455,000 after acquiring an additional 1,519 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of J M Smucker during the 3rd quarter worth about $899,000. Legal & General Group Plc raised its position in shares of J M Smucker by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 637,433 shares of the company’s stock worth $65,399,000 after buying an additional 40,093 shares in the last quarter. Morgan Stanley raised its position in shares of J M Smucker by 100.2% during the 3rd quarter. Morgan Stanley now owns 842,732 shares of the company’s stock worth $86,473,000 after buying an additional 421,792 shares in the last quarter. Finally, Vanguard Group Inc raised its position in shares of J M Smucker by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock worth $1,368,280,000 after buying an additional 293,331 shares in the last quarter. Hedge funds and other institutional investors own 79.03% of the company’s stock.
Shares of J M Smucker stock traded down $0.45 during trading on Friday, hitting $126.69. The stock had a trading volume of 406,736 shares, compared to its average volume of 652,443. The company has a market cap of $14.46 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 2.92 and a beta of 0.58. 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 Co has a 1 year low of $91.32 and a 1 year high of $128.43.
J M Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.23. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $2.50 earnings per share. On average, analysts expect that J M Smucker Co will post 8.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, May 16th. J M Smucker’s dividend payout ratio is currently 42.71%.
A number of analysts have commented on SJM shares. Argus started coverage on shares of J M Smucker in a research report on Monday, April 1st. They set a “hold” rating on the stock. ValuEngine raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Wells Fargo & Co lifted their price objective on shares of J M Smucker from $100.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, February 25th. Morgan Stanley lifted their price objective on shares of J M Smucker from $98.00 to $104.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 27th. Finally, Jefferies Financial Group set a $125.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $117.18.
In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now directly owns 24,292 shares in the company, valued at $2,498,675.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.92% of the company’s stock.
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About J M Smucker
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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