J M Smucker Co (SJM) Shares Sold by LSV Asset Management
LSV Asset Management cut its holdings in J M Smucker Co (NYSE:SJM) by 4.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,520,716 shares of the company’s stock after selling 112,720 shares during the quarter. LSV Asset Management’s holdings in J M Smucker were worth $235,661,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc raised its holdings in shares of J M Smucker by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock worth $1,368,280,000 after acquiring an additional 293,331 shares in the last quarter. BlackRock Inc. raised its holdings in shares of J M Smucker by 0.8% during the 3rd quarter. BlackRock Inc. now owns 9,530,746 shares of the company’s stock worth $977,951,000 after acquiring an additional 78,423 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of J M Smucker by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,778,851 shares of the company’s stock worth $182,524,000 after acquiring an additional 14,884 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of J M Smucker by 6.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,430,581 shares of the company’s stock worth $146,792,000 after acquiring an additional 83,093 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of J M Smucker by 100.2% during the 3rd quarter. Morgan Stanley now owns 842,732 shares of the company’s stock worth $86,473,000 after acquiring an additional 421,792 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the company. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the stock a “hold” rating in a report on Thursday, December 20th. Morgan Stanley decreased their price objective on J M Smucker from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Thursday, November 29th. Finally, Barclays reaffirmed a “hold” rating and set a $103.00 price objective on shares of J M Smucker in a report on Sunday, December 2nd. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. J M Smucker presently has a consensus rating of “Hold” and an average price target of $116.85.
J M Smucker (NYSE:SJM) last released its earnings results on Wednesday, November 28th. The company reported $2.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.12). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.05 billion. J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.02 EPS. On average, equities analysts expect that J M Smucker Co will post 8.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, February 14th. J M Smucker’s dividend payout ratio is currently 42.71%.
In other J M Smucker news, Director Kathryn W. Dindo acquired 500 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were bought at an average price of $92.20 per share, with a total value of $46,100.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Smucker acquired 20,000 shares of the business’s stock in a transaction on Friday, November 30th. The stock was acquired at an average cost of $103.09 per share, for a total transaction of $2,061,800.00. Following the transaction, the chairman now directly owns 681,387 shares in the company, valued at $70,244,185.83. The disclosure for this purchase can be found here. In the last three months, insiders have bought 32,000 shares of company stock worth $3,234,860. Corporate insiders own 3.92% of the company’s stock.
About J M Smucker
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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