CoreCap Advisors LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 374 shares of the company’s stock, valued at approximately $59,000.
A number of other institutional investors have also made changes to their positions in SJM. Fairfield Bush & CO. lifted its position in shares of J. M. Smucker by 1.5% during the first quarter. Fairfield Bush & CO. now owns 30,551 shares of the company’s stock worth $4,137,000 after purchasing an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of J. M. Smucker by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock worth $1,963,000 after purchasing an additional 898 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of J. M. Smucker by 1.7% during the first quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock worth $45,980,000 after purchasing an additional 5,531 shares in the last quarter. National Pension Service lifted its position in shares of J. M. Smucker by 1,012.2% during the first quarter. National Pension Service now owns 192,636 shares of the company’s stock worth $26,085,000 after purchasing an additional 175,315 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after acquiring an additional 162,944 shares in the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Jill R. Penrose sold 4,795 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $152.74, for a total transaction of $732,388.30. Following the completion of the transaction, the insider now owns 9,106 shares in the company, valued at approximately $1,390,850.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jill R. Penrose sold 4,795 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $152.74, for a total transaction of $732,388.30. Following the completion of the transaction, the insider now owns 9,106 shares in the company, valued at approximately $1,390,850.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeannette L. Knudsen sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $153.96, for a total transaction of $1,539,600.00. Following the completion of the transaction, the insider now owns 17,561 shares of the company’s stock, valued at $2,703,691.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,462 shares of company stock worth $18,744,753. Corporate insiders own 3.90% of the company’s stock.
Wall Street Analysts Forecast Growth
J. M. Smucker Stock Up 0.9 %
SJM stock opened at $146.59 on Thursday. The company has a quick ratio of 0.45, a current ratio of 1.16 and a debt-to-equity ratio of 0.52. The J. M. Smucker Company has a fifty-two week low of $119.82 and a fifty-two week high of $163.07. The firm’s 50-day simple moving average is $154.01 and its 200 day simple moving average is $152.78. The stock has a market cap of $15.63 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 6.22 and a beta of 0.21.
J. M. Smucker (NYSE:SJM – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.13 by $0.08. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a net margin of 8.54% and a return on equity of 11.10%. J. M. Smucker’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $2.33 EPS. As a group, sell-side analysts predict that The J. M. Smucker Company will post 8.68 EPS for the current year.
J. M. Smucker Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 12th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, May 11th. This represents a $4.08 annualized dividend and a dividend yield of 2.78%. J. M. Smucker’s dividend payout ratio (DPR) is 61.45%.
J. M. Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee.
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