Malaga Cove Capital LLC purchased a new position in J M Smucker Co (NYSE:SJM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,296 shares of the company’s stock, valued at approximately $1,155,000.
A number of other institutional investors also recently made changes to their positions in SJM. State Street Corp increased its stake in shares of J M Smucker by 0.9% during the second quarter. State Street Corp now owns 5,496,377 shares of the company’s stock valued at $650,374,000 after buying an additional 49,959 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of J M Smucker by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock valued at $181,908,000 after buying an additional 27,182 shares during the period. Schroder Investment Management Group increased its stake in shares of J M Smucker by 4.4% during the third quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock valued at $128,005,000 after buying an additional 50,960 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of J M Smucker by 68.2% during the third quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock valued at $111,964,000 after buying an additional 432,461 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of J M Smucker by 67.4% during the third quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock valued at $104,764,000 after buying an additional 402,167 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.
In other news, 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 transaction of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. 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. Corporate insiders own 3.50% of the company’s stock.
J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. The firm 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 company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. equities analysts expect that J M Smucker Co will post 7.83 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 issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, February 8th. J M Smucker’s payout ratio is currently 63.16%.
Several equities analysts have recently issued reports on the company. Susquehanna Bancshares set a $148.00 target price on J M Smucker and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group set a $120.00 price target on J M Smucker and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price target on J M Smucker and gave the stock a “hold” rating in a research note on Thursday, January 4th. Stifel Nicolaus upped their price target on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, UBS Group raised J M Smucker from a “neutral” rating to a “positive” rating in a research note on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $127.58.
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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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