Genesee Valley Trust Co. bought a new stake in shares of J.M. Smucker Co. (NYSE:SJM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,580 shares of the company’s stock, valued at approximately $698,000.
Several other institutional investors have also recently modified their holdings of SJM. Fundsmith LLP boosted its position in shares of J.M. Smucker by 170.5% in the first quarter. Fundsmith LLP now owns 2,050,979 shares of the company’s stock valued at $266,299,000 after buying an additional 1,292,846 shares during the last quarter. Norges Bank purchased a new position in shares of J.M. Smucker during the fourth quarter valued at approximately $108,629,000. State Street Corp boosted its position in shares of J.M. Smucker by 4.4% in the first quarter. State Street Corp now owns 5,218,584 shares of the company’s stock valued at $677,598,000 after buying an additional 222,029 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of J.M. Smucker by 127.6% in the first quarter. Renaissance Technologies LLC now owns 330,303 shares of the company’s stock valued at $42,887,000 after buying an additional 185,200 shares during the last quarter. Finally, Virginia Retirement System purchased a new position in shares of J.M. Smucker during the first quarter valued at approximately $22,787,000. Institutional investors own 75.70% of the company’s stock.
J.M. Smucker Co. (NYSE:SJM) traded down 0.98% during midday trading on Tuesday, hitting $135.69. 585,216 shares of the stock were exchanged. The company’s 50 day moving average is $146.13 and its 200-day moving average is $138.60. The stock has a market cap of $15.80 billion, a PE ratio of 22.31 and a beta of 0.47. J.M. Smucker Co. has a 1-year low of $106.87 and a 1-year high of $157.31.
J.M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.12. J.M. Smucker had a net margin of 9.41% and a return on equity of 11.76%. The firm had revenue of $1.82 billion for the quarter. During the same period in the previous year, the company posted $1.32 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, analysts expect that J.M. Smucker Co. will post $7.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from J.M. Smucker’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Wednesday, August 10th. J.M. Smucker’s dividend payout ratio is presently 49.26%.
Several equities research analysts recently issued reports on the stock. Deutsche Bank AG set a $165.00 price target on shares of J.M. Smucker and gave the company a “buy” rating in a report on Thursday, August 18th. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $131.00 price target (up from $128.00) on shares of J.M. Smucker in a report on Friday, July 15th. Citigroup Inc. reaffirmed a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. Zacks Investment Research lowered shares of J.M. Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Hilliard Lyons lowered shares of J.M. Smucker from a “neutral” rating to an “underperform” rating in a report on Thursday, June 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. J.M. Smucker presently has an average rating of “Hold” and a consensus price target of $148.10.
In related news, Director Kathryn W. Dindo sold 1,466 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $146.50, for a total value of $214,769.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David J. West sold 865 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $145.65, for a total transaction of $125,987.25. Following the completion of the sale, the director now directly owns 206,790 shares in the company, valued at $30,118,963.50. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.
J.M. Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company’s U.S.
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