5,168 Shares in J M Smucker Co (SJM) Purchased by Steward Partners Investment Advisory LLC
Steward Partners Investment Advisory LLC acquired a new stake in shares of J M Smucker Co (NYSE:SJM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,168 shares of the company’s stock, valued at approximately $542,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sun Life Financial INC raised its holdings in shares of J M Smucker by 10,512.5% in the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after purchasing an additional 841 shares in the last quarter. Paradigm Asset Management Co. LLC raised its holdings in shares of J M Smucker by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after purchasing an additional 50 shares in the last quarter. BT Investment Management Ltd bought a new stake in shares of J M Smucker in the 2nd quarter valued at about $204,000. First National Trust Co. bought a new stake in shares of J M Smucker in the 2nd quarter valued at about $215,000. Finally, Williams Jones & Associates LLC bought a new stake in shares of J M Smucker in the 2nd quarter valued at about $218,000. Institutional investors own 75.46% of the company’s stock.
Several research firms have recently commented on SJM. Susquehanna Bancshares set a $141.00 price target on shares of J M Smucker and gave the company a “buy” rating in a report on Friday, December 8th. Stifel Nicolaus boosted their price target on shares of J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a report on Friday, November 17th. Goldman Sachs Group restated a “sell” rating on shares of J M Smucker in a report on Wednesday, October 4th. Credit Suisse Group set a $110.00 price target on shares of J M Smucker and gave the company a “hold” rating in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $126.00.
J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. J M Smucker’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. analysts forecast that J M Smucker Co will post 7.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, November 9th. J M Smucker’s dividend payout ratio is presently 63.03%.
About J M Smucker
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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