Manning & Napier Group LLC lifted its stake in shares of J M Smucker Co (NYSE:SJM) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,990 shares of the company’s stock after acquiring an additional 3,896 shares during the period. Manning & Napier Group LLC’s holdings in J M Smucker were worth $4,111,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of J M Smucker during the 4th quarter valued at about $44,000. Legacy Financial Advisors Inc. raised its holdings in shares of J M Smucker by 21.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 905 shares of the company’s stock valued at $85,000 after buying an additional 162 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of J M Smucker during the 3rd quarter valued at about $103,000. Truvestments Capital LLC purchased a new stake in shares of J M Smucker during the 3rd quarter valued at about $154,000. Finally, CWM LLC raised its holdings in shares of J M Smucker by 347.5% during the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after buying an additional 1,369 shares during the period. 78.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of SJM traded down $0.22 during mid-day trading on Friday, hitting $103.61. The stock had a trading volume of 799,789 shares, compared to its average volume of 736,465. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.17 and a beta of 0.56. The company has a current ratio of 1.25, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. J M Smucker Co has a fifty-two week low of $91.32 and a fifty-two week high of $133.38.
J M Smucker (NYSE:SJM) last issued its earnings results on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing the 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 firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the business posted $2.02 EPS. J M Smucker’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that J M Smucker Co will post 8.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a dividend of $0.85 per share. 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 3.28%. J M Smucker’s dividend payout ratio is currently 42.71%.
In other J M Smucker news, Director Kathryn W. Dindo purchased 500 shares of J M Smucker stock in a transaction on Thursday, December 27th. The stock was bought at an average price of $92.20 per share, for a total transaction of $46,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David J. Lemmon sold 1,017 shares of the business’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 disclosure for this sale can be found here. Insiders have purchased a total of 32,000 shares of company stock valued at $3,234,860 in the last 90 days. Insiders own 3.92% of the company’s stock.
Several equities research analysts recently commented on SJM shares. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research reiterated a “sell” rating on shares of J M Smucker in a report on Thursday, November 15th. Jefferies Financial Group set a $125.00 price objective on J M Smucker and gave the stock a “buy” rating in a report on Wednesday, November 28th. Morgan Stanley dropped their price objective on J M Smucker from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Thursday, November 29th. Finally, Credit Suisse Group upgraded J M Smucker to a “hold” rating and set a $94.00 price objective on the stock in a report on Thursday, November 29th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $116.85.
About J M Smucker
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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