American International Group Inc. Sells 7,328 Shares of J M Smucker Co (SJM)
American International Group Inc. decreased its position in J M Smucker Co (NYSE:SJM) by 15.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,264 shares of the company’s stock after selling 7,328 shares during the quarter. American International Group Inc.’s holdings in J M Smucker were worth $4,225,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its stake in J M Smucker by 12.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,120 shares of the company’s stock valued at $1,079,000 after buying an additional 1,000 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in J M Smucker by 25.9% in the second quarter. Rothschild Asset Management Inc. now owns 7,032 shares of the company’s stock valued at $832,000 after buying an additional 1,448 shares during the last quarter. CIBC Asset Management Inc lifted its stake in J M Smucker by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock valued at $1,440,000 after buying an additional 31 shares during the last quarter. Sei Investments Co. lifted its stake in J M Smucker by 31.2% in the second quarter. Sei Investments Co. now owns 79,131 shares of the company’s stock valued at $9,362,000 after buying an additional 18,836 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in J M Smucker by 0.3% in the second quarter. Retirement Systems of Alabama now owns 56,451 shares of the company’s stock valued at $6,680,000 after buying an additional 174 shares during the last quarter. 75.46% of the stock is owned by institutional investors.
Shares of J M Smucker Co (NYSE SJM) traded up $1.45 on Thursday, reaching $118.91. The company had a trading volume of 755,100 shares, compared to its average volume of 1,120,474. The stock has a market cap of $13,343.17, a PE ratio of 16.02, a P/E/G ratio of 2.17 and a beta of 0.67. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company posted $2.05 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. equities analysts anticipate that J M Smucker Co will post 7.79 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.62%. J M Smucker’s dividend payout ratio is 63.03%.
In other news, Director Gary A. Oatey purchased 1,000 shares of J M Smucker stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of $107.30 per share, for a total transaction of $107,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by insiders.
A number of research analysts have recently commented on the company. Citigroup lowered their price target on J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Jefferies Group set a $130.00 price target on J M Smucker and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Susquehanna Bancshares set a $131.00 price target on J M Smucker and gave the company a “hold” rating in a report on Wednesday, August 23rd. Finally, Credit Suisse Group set a $110.00 price target on J M Smucker and gave the company a “hold” rating in a report on Friday, August 25th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $124.73.
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J M Smucker 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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