J M Smucker Co (SJM) Stake Lowered by Cetera Advisors LLC
Cetera Advisors LLC trimmed its position in shares of J M Smucker Co (NYSE:SJM) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,726 shares of the company’s stock after selling 1,149 shares during the period. Cetera Advisors LLC’s holdings in J M Smucker were worth $496,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Sun Life Financial INC increased its holdings in 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 acquiring an additional 841 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in 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 acquiring an additional 50 shares during the last quarter. BT Investment Management Ltd bought a new stake in J M Smucker in the 2nd quarter valued at $204,000. Allegis Investment Advisors LLC bought a new stake in J M Smucker in the 2nd quarter valued at $205,000. Finally, First National Trust Co. bought a new stake in J M Smucker in the 2nd quarter valued at $215,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
J M Smucker Co (SJM) traded up $0.37 during trading on Friday, hitting $118.52. 1,002,200 shares of the stock were exchanged, compared to its average volume of 1,113,346. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The company has a market cap of $13,421.56, a P/E ratio of 16.12, a PEG ratio of 2.19 and a beta of 0.67.
J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm posted $2.05 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. sell-side analysts forecast that J M Smucker Co will post 7.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a $0.78 dividend. The ex-dividend date was Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.63%. J M Smucker’s dividend payout ratio (DPR) is presently 63.03%.
A number of brokerages have issued reports 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 lifted 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. Jefferies Group set a $130.00 price target on shares of J M Smucker and gave the company a “buy” rating in a report on Monday, October 30th. Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Zacks Investment Research downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. J M Smucker presently has a consensus rating of “Hold” and an average price target of $126.00.
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J M Smucker Company 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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