Virginia Retirement Systems ET AL lifted its position in shares of J M Smucker Co (NYSE:SJM) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 198,100 shares of the company’s stock after buying an additional 9,200 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in J M Smucker were worth $20,327,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Trust Co. of Vermont lifted its stake in shares of J M Smucker by 6.5% during the second quarter. Trust Co. of Vermont now owns 7,908 shares of the company’s stock valued at $850,000 after buying an additional 486 shares during the period. Dana Investment Advisors Inc. raised its stake in J M Smucker by 11.9% during the second quarter. Dana Investment Advisors Inc. now owns 4,575 shares of the company’s stock worth $492,000 after purchasing an additional 488 shares during the period. Middleton & Co Inc MA raised its stake in J M Smucker by 1.6% during the second quarter. Middleton & Co Inc MA now owns 30,952 shares of the company’s stock worth $3,327,000 after purchasing an additional 494 shares during the period. Amalgamated Bank raised its stake in J M Smucker by 3.7% during the second quarter. Amalgamated Bank now owns 14,214 shares of the company’s stock worth $1,528,000 after purchasing an additional 501 shares during the period. Finally, Sumitomo Life Insurance Co. raised its stake in J M Smucker by 4.5% during the second quarter. Sumitomo Life Insurance Co. now owns 11,880 shares of the company’s stock worth $1,277,000 after purchasing an additional 510 shares during the period. 82.88% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on SJM shares. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. ValuEngine downgraded shares of J M Smucker from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Credit Suisse Group set a $95.00 price target on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, September 21st. Wolfe Research downgraded shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. Finally, Bank of America reaffirmed a “neutral” rating and set a $106.00 price target on shares of J M Smucker in a research note on Wednesday, October 3rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $120.62.
Shares of J M Smucker stock traded up $0.25 during trading hours on Wednesday, hitting $110.17. The company’s stock had a trading volume of 122 shares, compared to its average volume of 1,161,924. J M Smucker Co has a 1-year low of $96.13 and a 1-year high of $133.38. The firm has a market capitalization of $12.02 billion, a P/E ratio of 13.78, a PEG ratio of 1.97 and a beta of 0.35. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.02. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts expect that J M Smucker Co will post 8.4 EPS for the current fiscal year.
The firm also recently disclosed 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 3.09%. The ex-dividend date is Thursday, November 15th. J M Smucker’s payout ratio is currently 42.71%.
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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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