J M Smucker Co (SJM) Stake Increased by Northern Oak Wealth Management Inc.
Northern Oak Wealth Management Inc. increased its position in shares of J M Smucker Co (NYSE:SJM) by 98.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,554 shares of the company’s stock after purchasing an additional 25,571 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in J M Smucker were worth $5,410,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of SJM. Sun Life Financial INC raised its holdings in J M Smucker by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after purchasing an additional 841 shares during the last quarter. Paradigm Asset Management Co. LLC raised its holdings in J M Smucker by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after purchasing an additional 50 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in J M Smucker during the third quarter worth $201,000. Well Done LLC acquired a new position in J M Smucker during the third quarter worth $201,000. Finally, Stokes & Hubbell Capital Management LLC acquired a new position in J M Smucker during the third quarter worth $202,000. 75.46% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus raised their price target on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Jefferies Group set a $130.00 price target on J M Smucker and gave the stock a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded J M Smucker from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $126.00.
Shares of J M Smucker Co (SJM) traded down $1.35 during trading hours on Tuesday, hitting $117.26. The stock had a trading volume of 1,048,400 shares, compared to its average volume of 1,116,767. The stock has a market capitalization of $13,473.81, a P/E ratio of 16.18, a P/E/G ratio of 2.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. J M Smucker Co has a twelve month low of $99.57 and a twelve month high of $143.68.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. research analysts forecast that J M Smucker Co will post 7.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, November 9th. J M Smucker’s dividend payout ratio is currently 63.03%.
J M Smucker Profile
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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