Qube Research & Technologies Ltd lifted its holdings in shares of J M Smucker Co (NYSE:SJM) by 75.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,803 shares of the company’s stock after purchasing an additional 5,509 shares during the quarter. Qube Research & Technologies Ltd’s holdings in J M Smucker were worth $1,475,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SJM. Resources Investment Advisors Inc. boosted its holdings in J M Smucker by 10,650.0% in the first quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock valued at $25,000 after acquiring an additional 213 shares during the last quarter. Guinness Asset Management Ltd boosted its holdings in J M Smucker by 52.7% in the second quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in J M Smucker in the first quarter valued at $31,000. Whitener Capital Management Inc. boosted its holdings in J M Smucker by 52.4% in the second quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Finally, Alera Investment Advisors LLC acquired a new position in J M Smucker in the first quarter valued at $35,000. Institutional investors and hedge funds own 77.20% of the company’s stock.
NYSE:SJM traded up $0.82 during mid-day trading on Friday, hitting $114.35. The company had a trading volume of 550,900 shares, compared to its average volume of 736,428. The business has a fifty day simple moving average of $114.54 and a 200-day simple moving average of $115.48. The company has a current ratio of 0.69, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. J M Smucker Co has a 1 year low of $91.32 and a 1 year high of $128.43. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.31 and a beta of 0.42.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85. This represents a $3.52 annualized dividend and a yield of 3.08%. J M Smucker’s dividend payout ratio (DPR) is 42.46%.
In other J M Smucker news, CEO Mark T. Smucker sold 2,200 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $249,216.00. Following the transaction, the chief executive officer now directly owns 140,975 shares of the company’s stock, valued at $15,969,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark R. Belgya sold 750 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $113.28, for a total value of $84,960.00. Following the completion of the transaction, the insider now directly owns 54,942 shares in the company, valued at $6,223,829.76. The disclosure for this sale can be found here. Insiders sold 3,269 shares of company stock worth $372,201 over the last three months. 3.70% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on SJM shares. TheStreet cut J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. ValuEngine cut J M Smucker from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Morgan Stanley lifted their target price on J M Smucker from $117.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, June 7th. Bank of America reiterated a “neutral” rating and issued a $107.00 target price on shares of J M Smucker in a report on Friday, May 17th. Finally, Zacks Investment Research cut J M Smucker from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $115.44.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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