Ownership Capital B.V. boosted its stake in J.M. Smucker Co. (NYSE:SJM) by 15.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 364,387 shares of the company’s stock after buying an additional 47,638 shares during the period. J.M. Smucker accounts for about 8.9% of Ownership Capital B.V.’s portfolio, making the stock its 5th largest position. Ownership Capital B.V.’s holdings in J.M. Smucker were worth $55,536,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in SJM. Fundsmith LLP boosted its position in J.M. Smucker by 170.5% in the first quarter. Fundsmith LLP now owns 2,050,979 shares of the company’s stock worth $266,299,000 after buying an additional 1,292,846 shares during the last quarter. Norges Bank bought a new position in J.M. Smucker during the fourth quarter worth $108,629,000. State Street Corp boosted its position in J.M. Smucker by 4.4% in the first quarter. State Street Corp now owns 5,218,584 shares of the company’s stock worth $677,598,000 after buying an additional 222,029 shares during the last quarter. Renaissance Technologies LLC boosted its position in J.M. Smucker by 127.6% in the first quarter. Renaissance Technologies LLC now owns 330,303 shares of the company’s stock worth $42,887,000 after buying an additional 185,200 shares during the last quarter. Finally, Virginia Retirement System bought a new position in J.M. Smucker during the first quarter worth $22,787,000. 75.66% of the stock is currently owned by institutional investors and hedge funds.
J.M. Smucker Co. (NYSE:SJM) traded up 0.47% during trading on Wednesday, hitting $136.33. The stock had a trading volume of 841,047 shares. The company has a market cap of $15.87 billion, a PE ratio of 22.42 and a beta of 0.47. The company’s 50 day moving average is $145.07 and its 200-day moving average is $138.64. J.M. Smucker Co. has a 12 month low of $106.87 and a 12 month high of $157.31.
J.M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.12. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The firm had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the company earned $1.32 EPS. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that J.M. Smucker Co. will post $7.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were paid a $0.75 dividend. 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.20%. J.M. Smucker’s dividend payout ratio is presently 49.26%.
Several analysts recently issued reports on SJM shares. Credit Suisse Group AG reissued a “buy” rating and set a $158.00 target price (up previously from $156.00) on shares of J.M. Smucker in a research note on Friday, June 10th. Stephens reissued a “buy” rating on shares of J.M. Smucker in a research note on Monday, June 13th. Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a research note on Thursday, August 25th. Jefferies Group downgraded J.M. Smucker from a “buy” rating to a “hold” rating and lifted their target price for the company from $140.00 to $143.00 in a research note on Friday, June 10th. They noted that the move was a valuation call. Finally, KeyCorp started coverage on J.M. Smucker in a research note on Wednesday, May 25th. They set a “sector weight” rating on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $148.10.
In other J.M. Smucker news, Director Kathryn W. Dindo sold 1,466 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $146.50, for a total transaction of $214,769.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David J. West sold 865 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $145.65, for a total value of $125,987.25. Following the transaction, the director now owns 206,790 shares in the company, valued at approximately $30,118,963.50. The disclosure for this sale can be found here. 3.50% of the stock is 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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