J M Smucker (NYSE:SJM) announced its quarterly earnings results on Friday. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.34, Bloomberg Earnings reports. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 earnings per share. J M Smucker updated its FY18 guidance to $8.20-8.30 EPS.
J M Smucker (NYSE SJM) traded up $1.81 during midday trading on Friday, hitting $124.46. 1,513,001 shares of the stock were exchanged, compared to its average volume of 1,271,565. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The firm has a market cap of $14,138.41, a PE ratio of 11.20, a PEG ratio of 2.12 and a beta of 0.65. J M Smucker has a one year low of $99.57 and a one year high of $143.68.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, February 8th. J M Smucker’s dividend payout ratio is presently 28.08%.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the sale, 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 filing with the SEC, which is accessible through this link. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. LSV Asset Management increased its position in J M Smucker by 44.8% during the fourth quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock worth $258,554,000 after acquiring an additional 643,817 shares during the period. Dimensional Fund Advisors LP increased its position in J M Smucker by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock worth $181,908,000 after acquiring an additional 27,182 shares during the period. Ariel Investments LLC increased its position in J M Smucker by 18.8% during the fourth quarter. Ariel Investments LLC now owns 1,611,582 shares of the company’s stock worth $200,223,000 after acquiring an additional 254,864 shares during the period. Geode Capital Management LLC increased its position in J M Smucker by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,508,493 shares of the company’s stock worth $187,100,000 after acquiring an additional 51,463 shares during the period. Finally, Schroder Investment Management Group increased its position in J M Smucker by 4.4% during the third quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock worth $128,005,000 after acquiring an additional 50,960 shares during the period. Institutional investors own 76.10% of the company’s stock.
J M Smucker 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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