J.M. Smucker Co. (SJM) Shares Sold by Brown Advisory Inc.
Brown Advisory Inc. lowered its position in J.M. Smucker Co. (NYSE:SJM) by 19.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,934 shares of the company’s stock after selling 8,809 shares during the period. Brown Advisory Inc.’s holdings in J.M. Smucker were worth $5,628,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Carroll Financial Associates Inc. increased its stake in J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock worth $103,000 after buying an additional 95 shares during the last quarter. City Holding Co. bought a new position in J.M. Smucker during the second quarter worth $110,000. Thompson Davis & CO. Inc. bought a new position in J.M. Smucker during the second quarter worth $202,000. AT Bancorp bought a new position in J.M. Smucker during the second quarter worth $203,000. Finally, Nwam LLC bought a new position in J.M. Smucker during the second quarter worth $203,000. Institutional investors own 75.70% of the company’s stock.
Shares of J.M. Smucker Co. (NYSE:SJM) traded up 0.44% during midday trading on Monday, hitting $137.63. The stock had a trading volume of 183,718 shares. The firm has a 50-day moving average price of $147.91 and a 200-day moving average price of $138.33. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 22.63 and a beta of 0.47. J.M. Smucker Co. has a 1-year low of $106.87 and a 1-year high of $157.31.
J.M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.12. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The business had revenue of $1.82 billion for the quarter. During the same period last year, the business earned $1.32 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that J.M. Smucker Co. will post $7.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.19%. This is an increase from J.M. Smucker’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Wednesday, August 10th. J.M. Smucker’s payout ratio is presently 49.26%.
A number of equities analysts have recently weighed in on the company. Credit Suisse Group AG reissued a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Susquehanna reissued a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. JPMorgan Chase & Co. reissued a “buy” rating on shares of J.M. Smucker in a report on Sunday, June 12th. Morgan Stanley reissued a “hold” rating on shares of J.M. Smucker in a report on Saturday, June 4th. Finally, Stephens reiterated a “buy” rating on shares of J.M. Smucker in a research note on Monday, June 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. J.M. Smucker currently has a consensus rating of “Hold” and an average price target of $148.10.
In other J.M. Smucker news, SVP Jill R. Penrose sold 519 shares of J.M. Smucker stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $146.96, for a total transaction of $76,272.24. Following the sale, the senior vice president now directly owns 7,636 shares of the company’s stock, valued at $1,122,186.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathryn W. Dindo sold 1,466 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $146.50, for a total value of $214,769.00. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
J.M. Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company’s U.S.
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