J M Smucker Co (SJM) Holdings Lifted by Lazard Asset Management LLC
Lazard Asset Management LLC raised its stake in shares of J M Smucker Co (NYSE:SJM) by 17.8% during the fourth quarter, HoldingsChannel reports. The firm owned 471,493 shares of the company’s stock after purchasing an additional 71,082 shares during the quarter. Lazard Asset Management LLC’s holdings in J M Smucker were worth $58,577,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. LSV Asset Management increased its stake in J M Smucker by 44.8% during the 4th quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock valued at $258,554,000 after purchasing an additional 643,817 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in J M Smucker by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock valued at $181,908,000 after purchasing an additional 27,182 shares in the last quarter. Schroder Investment Management Group increased its stake in J M Smucker by 4.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock valued at $128,005,000 after purchasing an additional 50,960 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in J M Smucker by 68.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock valued at $111,964,000 after purchasing an additional 432,461 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in J M Smucker by 67.4% during the 3rd quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock valued at $104,764,000 after purchasing an additional 402,167 shares in the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
In related news, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the sale, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold 5,610 shares of company stock worth $698,093 over the last three months. 3.50% of the stock is currently owned by insiders.
Shares of J M Smucker Co (SJM) opened at $128.45 on Friday. The company has a market cap of $14,415.73, a price-to-earnings ratio of 11.56, a PEG ratio of 1.81 and a beta of 0.62. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. J M Smucker Co has a twelve month low of $99.57 and a twelve month high of $141.22.
J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.34. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. sell-side analysts predict that J M Smucker Co will post 8.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is presently 28.08%.
TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/j-m-smucker-co-sjm-holdings-lifted-by-lazard-asset-management-llc/1904591.html.
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.
Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.