Shelter Ins Retirement Plan held its position in J.M. Smucker Co. (NYSE:SJM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,300 shares of the company’s stock at the end of the second quarter. J.M. Smucker accounts for approximately 3.2% of Shelter Ins Retirement Plan’s portfolio, making the stock its 12th largest position. Shelter Ins Retirement Plan’s holdings in J.M. Smucker were worth $7,057,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in SJM. JPMorgan Chase & Co. boosted its position in J.M. Smucker by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 161,750 shares of the company’s stock worth $21,003,000 after buying an additional 1,043 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in J.M. Smucker by 3.0% in the first quarter. Peapack Gladstone Financial Corp now owns 4,446 shares of the company’s stock worth $577,000 after buying an additional 128 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in J.M. Smucker by 3.0% in the first quarter. BlackRock Japan Co. Ltd now owns 149,419 shares of the company’s stock worth $19,401,000 after buying an additional 4,318 shares during the last quarter. BlackRock Fund Advisors boosted its position in J.M. Smucker by 1.1% in the first quarter. BlackRock Fund Advisors now owns 1,981,148 shares of the company’s stock worth $257,232,000 after buying an additional 20,644 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in J.M. Smucker by 15.4% in the first quarter. BlackRock Group LTD now owns 1,132,793 shares of the company’s stock worth $147,083,000 after buying an additional 151,279 shares during the last quarter. 75.66% of the stock is owned by institutional investors.
Shares of J.M. Smucker Co. (NYSE:SJM) traded up 0.57% on Friday, reaching $135.54. The company had a trading volume of 703,069 shares. J.M. Smucker Co. has a 1-year low of $106.87 and a 1-year high of $157.31. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 22.29 and a beta of 0.47. The firm has a 50-day moving average price of $141.91 and a 200 day moving average price of $138.92.
J.M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.82 billion for the quarter. During the same period in the prior year, the firm posted $1.32 EPS. J.M. Smucker’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts predict that J.M. Smucker Co. will post $7.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, August 10th. This is a positive change from J.M. Smucker’s previous quarterly dividend of $0.67. J.M. Smucker’s payout ratio is currently 49.26%.
A number of equities analysts recently weighed in on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Zacks Investment Research cut J.M. Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Deutsche Bank AG set a $165.00 price target on J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. Susquehanna reaffirmed a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and set a $131.00 target price (up previously from $128.00) on shares of J.M. Smucker in a report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $146.80.
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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