Russell Investments Group Ltd. Has $38.48 Million Holdings in J.M. Smucker Company (The) (SJM)

Russell Investments Group Ltd. lowered its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 366,775 shares of the company’s stock after selling 73,652 shares during the period. Russell Investments Group Ltd. owned about 0.32% of J.M. Smucker Company (The) worth $38,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SJM. Tudor Investment Corp ET AL purchased a new stake in J.M. Smucker Company (The) during the 1st quarter valued at $236,000. Gateway Investment Advisers LLC raised its holdings in J.M. Smucker Company (The) by 0.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock worth $848,000 after purchasing an additional 26 shares in the last quarter. LS Investment Advisors LLC raised its holdings in J.M. Smucker Company (The) by 6.9% in the 2nd quarter. LS Investment Advisors LLC now owns 6,437 shares of the company’s stock worth $762,000 after purchasing an additional 414 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in J.M. Smucker Company (The) by 13.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,796 shares of the company’s stock worth $2,342,000 after purchasing an additional 2,300 shares in the last quarter. Finally, BTIM Corp. bought a new position in J.M. Smucker Company (The) in the 2nd quarter worth $255,000. 77.30% of the stock is owned by institutional investors and hedge funds.

SJM has been the subject of several research reports. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their price objective for the stock from $130.00 to $140.00 in a report on Friday, July 28th. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Susquehanna Bancshares Inc set a $131.00 price objective on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co lowered shares of J.M. Smucker Company (The) from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $135.00 to $116.00 in a report on Thursday, August 24th. Finally, Credit Suisse Group set a $110.00 price objective on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a report on Friday, August 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and an average price target of $125.17.

Shares of J.M. Smucker Company (NYSE SJM) traded down $0.18 during trading on Tuesday, hitting $114.01. 1,474,000 shares of the company traded hands, compared to its average volume of 1,123,813. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The company has a market cap of $12,980.00, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. J.M. Smucker Company has a 52 week low of $99.57 and a 52 week high of $143.68.

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

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

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In other news, Director Gary A. Oatey acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $107.30 per share, with a total value of $107,300.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Richard K. Smucker acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the completion of the transaction, the insider now directly owns 652,168 shares in the company, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. 3.50% of the stock is owned by company insiders.

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.

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

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