Speece Thorson Capital Group Inc. Has $11.22 Million Position in J M Smucker Co (SJM)

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Speece Thorson Capital Group Inc. boosted its holdings in J M Smucker Co (NYSE:SJM) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,315 shares of the company’s stock after purchasing an additional 905 shares during the quarter. J M Smucker makes up 2.6% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 15th biggest holding. Speece Thorson Capital Group Inc. owned approximately 0.10% of J M Smucker worth $11,217,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SJM. Clarus Wealth Advisors acquired a new position in J M Smucker in the second quarter valued at $109,000. CSat Investment Advisory L.P. acquired a new position in J M Smucker in the second quarter valued at $122,000. Truvestments Capital LLC acquired a new position in J M Smucker in the third quarter valued at $154,000. Squar Milner Financial Services LLC acquired a new position in J M Smucker in the second quarter valued at $160,000. Finally, IMS Capital Management acquired a new position in J M Smucker in the second quarter valued at $181,000. Hedge funds and other institutional investors own 82.61% of the company’s stock.

In other news, SVP Jeannette L. Knudsen sold 1,500 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the sale, the senior vice president now owns 26,224 shares of the company’s stock, valued at $2,904,045.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.92% of the stock is owned by corporate insiders.

SJM stock opened at $108.32 on Thursday. J M Smucker Co has a 12-month low of $96.13 and a 12-month high of $133.38. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.05 and a beta of 0.53.

J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.02. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that J M Smucker Co will post 8.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 16th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 15th. J M Smucker’s payout ratio is 42.71%.

Several research firms recently commented on SJM. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Credit Suisse Group set a $95.00 target price on J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Wolfe Research lowered J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. ValuEngine lowered J M Smucker from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Finally, Bank of America reissued a “neutral” rating and set a $106.00 price target on shares of J M Smucker in a research report on Wednesday, October 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $120.62.

J M Smucker Profile

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

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