Capital Analysts LLC Buys 104,507 Shares of J M Smucker Co (SJM)
Capital Analysts LLC grew its stake in J M Smucker Co (NYSE:SJM) by 15,080.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 105,200 shares of the company’s stock after buying an additional 104,507 shares during the quarter. J M Smucker accounts for approximately 0.9% of Capital Analysts LLC’s portfolio, making the stock its 18th biggest position. Capital Analysts LLC’s holdings in J M Smucker were worth $6,785,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sit Investment Associates Inc. boosted its stake in shares of J M Smucker by 234.0% in the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after buying an additional 620 shares during the period. Independence Bank of Kentucky purchased a new position in shares of J M Smucker in the 4th quarter valued at about $173,000. Ramsay Stattman Vela & Price Inc. purchased a new position in shares of J M Smucker in the 4th quarter valued at about $200,000. Flagship Harbor Advisors LLC purchased a new position in shares of J M Smucker in the 3rd quarter valued at about $201,000. Finally, Well Done LLC purchased a new position in shares of J M Smucker in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 75.62% of the company’s stock.
Several brokerages have recently issued reports on SJM. Zacks Investment Research cut J M Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays reiterated an “equal weight” rating and issued a $125.00 price objective (up previously from $120.00) on shares of J M Smucker in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $132.00 price objective (up previously from $121.00) on shares of J M Smucker in a research note on Tuesday. Deutsche Bank raised their target price on J M Smucker from $130.00 to $134.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Jefferies Group reissued a “buy” rating and set a $135.00 target price on shares of J M Smucker in a research report on Friday, February 16th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $129.43.
Shares of J M Smucker Co (SJM) opened at $120.82 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 1.48. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.45. The firm has a market capitalization of $14,138.36, a PE ratio of 10.87, a PEG ratio of 2.01 and a beta of 0.65.
J M Smucker (NYSE:SJM) last issued its earnings results on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.34. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company earned $2.00 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. research analysts forecast that J M Smucker Co will post 8.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, February 8th. J M Smucker’s dividend payout ratio (DPR) is 28.08%.
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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