Segall Bryant & Hamill LLC lessened its holdings in shares of J M Smucker Co (NYSE:SJM) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,681 shares of the company’s stock after selling 4,733 shares during the period. Segall Bryant & Hamill LLC’s holdings in J M Smucker were worth $4,184,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in SJM. CIBC Asset Management Inc lifted its stake in J M Smucker by 3.6% during the fourth quarter. CIBC Asset Management Inc now owns 12,783 shares of the company’s stock valued at $1,588,000 after purchasing an additional 440 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in J M Smucker by 3.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 15,395 shares of the company’s stock valued at $1,913,000 after buying an additional 446 shares during the period. MML Investors Services LLC increased its stake in J M Smucker by 20.1% in the 4th quarter. MML Investors Services LLC now owns 2,734 shares of the company’s stock valued at $340,000 after buying an additional 457 shares during the period. Financial Advantage Inc. increased its stake in J M Smucker by 1.6% in the 4th quarter. Financial Advantage Inc. now owns 31,535 shares of the company’s stock valued at $3,918,000 after buying an additional 484 shares during the period. Finally, Greenwich Wealth Management LLC increased its stake in shares of J M Smucker by 9.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 5,419 shares of the company’s stock worth $673,000 after purchasing an additional 487 shares during the last quarter. 77.58% of the stock is owned by institutional investors and hedge funds.
Shares of J M Smucker Co (SJM) opened at $118.28 on Friday. The stock has a market cap of $13,650.07, a PE ratio of 15.35, a P/E/G ratio of 1.85 and a beta of 0.62. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $134.13.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is currently 28.08%.
Several research analysts have recently commented on SJM shares. Gabelli restated a “buy” rating on shares of J M Smucker in a research note on Monday, March 5th. Zacks Investment Research upgraded shares of J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, February 20th. Jefferies Group restated a “buy” rating and set a $135.00 price target on shares of J M Smucker in a research note on Friday, February 16th. Susquehanna Bancshares set a $148.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Barclays reaffirmed an “equal weight” rating and set a $125.00 price objective (up from $120.00) on shares of J M Smucker in a report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $129.38.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the sale, the senior vice president now owns 23,452 shares in the company, valued at approximately $2,916,490.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock valued at $698,093 in the last quarter. 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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