Accident Compensation Corp boosted its stake in J M Smucker Co (NYSE:SJM) by 88.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,300 shares of the company’s stock after acquiring an additional 5,300 shares during the period. Accident Compensation Corp’s holdings in J M Smucker were worth $1,186,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in J M Smucker by 2.2% in the second quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock valued at $1,444,691,000 after acquiring an additional 265,451 shares in the last quarter. BlackRock Inc. raised its holdings in J M Smucker by 7.6% in the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after acquiring an additional 578,984 shares in the last quarter. State Street Corp raised its holdings in J M Smucker by 0.9% in the second quarter. State Street Corp now owns 5,496,377 shares of the company’s stock valued at $650,374,000 after acquiring an additional 49,959 shares in the last quarter. FMR LLC raised its holdings in J M Smucker by 17.1% in the second quarter. FMR LLC now owns 2,352,150 shares of the company’s stock valued at $278,330,000 after acquiring an additional 343,013 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in J M Smucker by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock valued at $181,908,000 after acquiring an additional 27,182 shares in the last quarter. 75.02% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on SJM shares. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Goldman Sachs Group reaffirmed a “sell” rating on shares of J M Smucker in a report on Wednesday, October 4th. Morgan Stanley set a $106.00 price target on shares of J M Smucker and gave the company a “sell” rating in a report on Friday, October 13th. Jefferies Group set a $130.00 target price on shares of J M Smucker and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $110.00 target price on shares of J M Smucker in a research note on Tuesday, November 7th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $126.00.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 earnings per share. research analysts expect that J M Smucker Co will post 7.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.51%. J M Smucker’s dividend payout ratio is currently 63.03%.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
J M Smucker Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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