State of Alaska Department of Revenue Increases Position in J M Smucker Co (SJM)

State of Alaska Department of Revenue lifted its position in J M Smucker Co (NYSE:SJM) by 26.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,910 shares of the company’s stock after purchasing an additional 7,779 shares during the period. State of Alaska Department of Revenue’s holdings in J M Smucker were worth $4,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 265,451 shares during the period. State Street Corp boosted its holdings in shares of 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 purchasing an additional 49,959 shares during the period. FMR LLC boosted its holdings in shares of 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 purchasing an additional 343,013 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 27,182 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of J M Smucker by 4.4% in the third quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock valued at $128,005,000 after purchasing an additional 50,960 shares during the period. Hedge funds and other institutional investors own 75.32% of the company’s stock.

J M Smucker Co (NYSE SJM) opened at $127.53 on Monday. The company has a market cap of $14,487.10, a P/E ratio of 25.76, a P/E/G ratio of 2.18 and a beta of 0.66. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 12 month low of $99.57 and a 12 month high of $143.68.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. analysts forecast that J M Smucker Co will post 7.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.45%. J M Smucker’s payout ratio is presently 63.03%.

In other news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,610 shares of company stock worth $698,093. Insiders own 3.50% of the company’s stock.

A number of equities analysts recently commented on SJM shares. Goldman Sachs Group reissued a “sell” rating on shares of J M Smucker in a research note on Wednesday, October 4th. Morgan Stanley set a $106.00 price objective on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Jefferies Group set a $130.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $110.00 price objective on shares of J M Smucker in a research note on Tuesday, November 7th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. J M Smucker has a consensus rating of “Hold” and an average target price of $127.75.

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

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