Gamco Investors INC. ET AL grew its position in J M Smucker Co (NYSE:SJM) by 15.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,460 shares of the company’s stock after buying an additional 24,500 shares during the period. Gamco Investors INC. ET AL owned 0.16% of J M Smucker worth $19,133,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in J M Smucker by 7.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,509 shares of the company’s stock worth $1,386,000 after purchasing an additional 880 shares in the last quarter. Wells Fargo & Company MN boosted its stake in J M Smucker by 6.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,430,581 shares of the company’s stock worth $146,792,000 after purchasing an additional 83,093 shares in the last quarter. Private Advisor Group LLC boosted its stake in J M Smucker by 34.1% in the 3rd quarter. Private Advisor Group LLC now owns 3,036 shares of the company’s stock worth $312,000 after purchasing an additional 772 shares in the last quarter. Sterling Capital Management LLC boosted its stake in J M Smucker by 59.0% in the 3rd quarter. Sterling Capital Management LLC now owns 10,693 shares of the company’s stock worth $1,097,000 after purchasing an additional 3,969 shares in the last quarter. Finally, Cognios Capital LLC boosted its stake in J M Smucker by 538.8% in the 3rd quarter. Cognios Capital LLC now owns 15,937 shares of the company’s stock worth $1,634,000 after purchasing an additional 13,442 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.
A number of research firms recently commented on SJM. ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research cut shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Friday, August 24th. Bank of America restated a “neutral” rating and set a $106.00 price objective on shares of J M Smucker in a research note on Wednesday, October 3rd. Credit Suisse Group set a $95.00 price objective on shares of J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Finally, Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $120.62.
J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, August 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. As a group, equities research analysts forecast that J M Smucker Co will post 8.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 16th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, November 15th. J M Smucker’s dividend payout ratio (DPR) is 42.71%.
In other news, SVP Jeannette L. Knudsen sold 1,500 shares of J M Smucker stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares of the company’s stock, valued at approximately $2,904,045.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.92% of the stock is owned by insiders.
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J M Smucker Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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