Alpine Woods Capital Investors LLC Has $7.52 Million Holdings in J.M. Smucker Company (The) (SJM)

Alpine Woods Capital Investors LLC raised its position in J.M. Smucker Company (The) (NYSE:SJM) by 796.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,700 shares of the company’s stock after acquiring an additional 63,700 shares during the quarter. Alpine Woods Capital Investors LLC owned approximately 0.06% of J.M. Smucker Company (The) worth $7,523,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sun Life Financial INC increased its position in shares of J.M. Smucker Company (The) by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after acquiring an additional 841 shares during the period. Paradigm Asset Management Co. LLC increased its position in shares of J.M. Smucker Company (The) by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after acquiring an additional 50 shares during the period. BT Investment Management Ltd purchased a new position in shares of J.M. Smucker Company (The) during the second quarter valued at about $204,000. Allegis Investment Advisors LLC purchased a new position in shares of J.M. Smucker Company (The) during the second quarter valued at about $205,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of J.M. Smucker Company (The) during the first quarter valued at about $236,000. Hedge funds and other institutional investors own 77.30% of the company’s stock.

J.M. Smucker Company (NYSE SJM) traded down $0.18 during trading hours on Tuesday, reaching $114.01. 1,474,000 shares of the company traded hands, compared to its average volume of 1,123,813. J.M. Smucker Company has a 1-year low of $99.57 and a 1-year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The company has a market capitalization of $12,980.00, a price-to-earnings ratio of 15.58, a P/E/G ratio of 2.22 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.90 by $0.12. J.M. Smucker Company (The) had a net margin of 7.72% and a return on equity of 11.98%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. J.M. Smucker Company (The)’s quarterly revenue was up .5% on a year-over-year basis. analysts anticipate that J.M. Smucker Company will post 7.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. J.M. Smucker Company (The)’s dividend payout ratio is presently 63.03%.

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SJM has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Morgan Stanley set a $112.00 price target on shares of J.M. Smucker Company (The) and gave the company a “sell” rating in a research report on Friday. Susquehanna Bancshares Inc upgraded shares of J.M. Smucker Company (The) from a “neutral” rating to a “positive” rating and boosted their price target for the company from $110.00 to $127.00 in a research report on Monday, November 13th. Jefferies Group LLC set a $135.00 price target on shares of J.M. Smucker Company (The) and gave the company a “buy” rating in a research report on Saturday. Finally, BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and a consensus price target of $125.17.

In other news, Director Gary A. Oatey bought 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were purchased at an average price of $107.30 per share, for a total transaction of $107,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard K. Smucker bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the purchase, the insider now owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. Corporate insiders own 3.50% of the company’s stock.

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

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