Puzo Michael J lowered its stake in J M Smucker Co (NYSE:SJM) by 38.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,087 shares of the company’s stock after selling 7,710 shares during the period. Puzo Michael J’s holdings in J M Smucker were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of SJM. Sit Investment Associates Inc. raised its position in J M Smucker by 234.0% in the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after purchasing an additional 620 shares in the last quarter. Ramsay Stattman Vela & Price Inc. acquired a new stake in J M Smucker in the 4th quarter valued at about $200,000. Flagship Harbor Advisors LLC acquired a new stake in J M Smucker in the 3rd quarter valued at about $201,000. Well Done LLC acquired a new stake in J M Smucker in the 3rd quarter valued at about $201,000. Finally, Stokes & Hubbell Capital Management LLC acquired a new stake in J M Smucker in the 3rd quarter valued at about $202,000. 75.48% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on SJM shares. Morgan Stanley set a $106.00 price target on J M Smucker and gave the company a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Jefferies Group set a $130.00 price target on J M Smucker and gave the company a “buy” rating in a research report on Monday, October 30th. Susquehanna Bancshares reiterated a “hold” rating and issued a $110.00 price objective on shares of J M Smucker in a report on Tuesday, November 7th. Finally, UBS Group upgraded J M Smucker from a “neutral” rating to a “positive” rating in a report on Monday, November 13th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $127.83.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 EPS. sell-side analysts forecast that J M Smucker Co will post 7.83 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a yield of 2.60%. J M Smucker’s dividend payout ratio is presently 63.03%.
In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now owns 23,452 shares in the company, valued at approximately $2,916,490.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock worth $698,093 in the last 90 days. 3.50% of the stock is currently owned by company insiders.
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J M Smucker 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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