Bp Plc Acquires New Position in J M Smucker Co (SJM)
Bp Plc acquired a new stake in shares of J M Smucker Co (NYSE:SJM) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 13,000 shares of the company’s stock, valued at approximately $1,615,000.
Several other large investors also recently made changes to their positions in the company. Bruderman Asset Management LLC grew its stake in shares of J M Smucker by 7.9% during the fourth quarter. Bruderman Asset Management LLC now owns 9,722 shares of the company’s stock valued at $1,208,000 after buying an additional 715 shares during the last quarter. Palouse Capital Management Inc. bought a new position in shares of J M Smucker during the fourth quarter valued at about $7,223,000. Crossmark Global Holdings Inc. grew its stake in shares of J M Smucker by 17.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,115 shares of the company’s stock valued at $1,754,000 after buying an additional 2,108 shares during the last quarter. Stephens Inc. AR grew its stake in shares of J M Smucker by 3.2% during the fourth quarter. Stephens Inc. AR now owns 17,409 shares of the company’s stock valued at $2,163,000 after buying an additional 544 shares during the last quarter. Finally, Delaney Dennis R bought a new position in shares of J M Smucker during the fourth quarter valued at about $332,000. 75.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of J M Smucker Co (NYSE:SJM) opened at $119.52 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. The firm has a market cap of $13,577.23, a PE ratio of 24.15, a PEG ratio of 2.03 and a beta of 0.65. J M Smucker Co has a 1-year low of $99.57 and a 1-year high of $143.68.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.61%. J M Smucker’s dividend payout ratio is currently 63.03%.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the sale, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by company insiders.
SJM has been the topic of a number of recent research reports. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Susquehanna Bancshares raised J M Smucker from a “neutral” rating to a “positive” rating and raised their price objective for the company from $110.00 to $127.00 in a research note on Monday, November 13th. Jefferies Group set a $130.00 price objective on J M Smucker and gave the company a “buy” rating in a research note on Monday, October 30th. Morgan Stanley set a $112.00 price objective on J M Smucker and gave the company a “sell” rating in a research note on Friday, November 17th. Finally, Credit Suisse Group set a $110.00 price objective on J M Smucker and gave the company a “hold” rating in a research note on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $127.83.
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About J M Smucker
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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