Tributary Capital Management LLC Sells 3,700 Shares of J.M. Smucker Company (The) (SJM)

Tributary Capital Management LLC decreased its position in J.M. Smucker Company (The) (NYSE:SJM) by 17.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,100 shares of the company’s stock after selling 3,700 shares during the period. Tributary Capital Management LLC’s holdings in J.M. Smucker Company (The) were worth $2,241,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SJM. ARGI Investment Services LLC acquired a new stake in J.M. Smucker Company (The) during the first quarter worth $872,000. Deprince Race & Zollo Inc. acquired a new stake in J.M. Smucker Company (The) during the first quarter worth $29,075,000. Cadence Capital Management LLC increased its stake in J.M. Smucker Company (The) by 30.3% in the first quarter. Cadence Capital Management LLC now owns 17,785 shares of the company’s stock worth $2,331,000 after buying an additional 4,135 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in J.M. Smucker Company (The) by 2.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 497,143 shares of the company’s stock worth $65,199,000 after buying an additional 10,510 shares during the period. Finally, Thomas White International Ltd. acquired a new stake in J.M. Smucker Company (The) during the first quarter worth $1,165,000. 73.78% of the stock is owned by institutional investors and hedge funds.

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

Shares of J.M. Smucker Company (NYSE:SJM) traded down 0.47% during midday trading on Monday, reaching $124.14. 76,237 shares of the company’s stock traded hands. The stock has a market cap of $14.19 billion, a P/E ratio of 24.34 and a beta of 0.58. The stock has a 50-day moving average price of $127.03 and a 200-day moving average price of $131.37. J.M. Smucker Company has a 52-week low of $122.05 and a 52-week high of $157.31.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm earned $1.19 EPS. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts forecast that J.M. Smucker Company will post $7.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.41%. J.M. Smucker Company (The)’s payout ratio is currently 58.82%.

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A number of research firms recently weighed in on SJM. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group reissued a “hold” rating and set a $126.00 price target on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Citigroup Inc. dropped their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $130.00 target price on shares of J.M. Smucker Company (The) in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $134.20.

J.M. Smucker Company (The) Company 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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