Investment House LLC Has $696,000 Stake in J M Smucker Co (SJM)
Investment House LLC increased its stake in J M Smucker Co (NYSE:SJM) by 82.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,565 shares of the company’s stock after buying an additional 2,065 shares during the period. Investment House LLC’s holdings in J M Smucker were worth $696,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fundsmith LLP raised its position in shares of J M Smucker by 170.5% in the first quarter. Fundsmith LLP now owns 2,050,979 shares of the company’s stock valued at $266,299,000 after buying an additional 1,292,846 shares in the last quarter. Norges Bank acquired a new position in J M Smucker during the fourth quarter valued at approximately $108,629,000. State Street Corp raised 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 valued at $677,598,000 after buying an additional 222,029 shares during the period. Renaissance Technologies LLC raised 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 valued at $42,887,000 after buying an additional 185,200 shares during the period. Finally, Virginia Retirement System acquired a new position in J M Smucker during the first quarter valued at approximately $22,787,000. 75.66% of the stock is owned by institutional investors.
J M Smucker Co (NYSE:SJM) traded up 1.13% during mid-day trading on Thursday, hitting $137.87. 609,029 shares of the company were exchanged. The stock has a market cap of $16.05 billion, a P/E ratio of 22.67 and a beta of 0.47. J M Smucker Co has a 12-month low of $106.87 and a 12-month high of $157.31. The company has a 50 day moving average of $144.65 and a 200 day moving average of $138.64.
J M Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.12. The firm had revenue of $1.82 billion for the quarter. J M Smucker had a net margin of 9.41% and a return on equity of 11.76%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. On average, equities research analysts expect that J M Smucker Co will post $7.69 earnings per share for the current fiscal year.
The firm also recently declared 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 annualized dividend and a yield of 2.18%. The ex-dividend date 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 49.26%.
Several research analysts have recently commented on SJM shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $158.00 price target (up from $156.00) on shares of J M Smucker in a report on Friday, June 10th. Stephens reaffirmed a “buy” rating on shares of J M Smucker in a report on Monday, June 13th. Citigroup Inc. reaffirmed a “buy” rating on shares of J M Smucker in a report on Thursday, August 25th. Jefferies Group lowered shares of J M Smucker from a “buy” rating to a “hold” rating and lifted their price target for the company from $140.00 to $143.00 in a report on Friday, June 10th. They noted that the move was a valuation call. Finally, KeyCorp started coverage on shares of J M Smucker in a report on Wednesday, May 25th. They issued a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $148.10.
In other J M Smucker news, Director David J. West sold 865 shares of the business’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $145.65, for a total value of $125,987.25. Following the sale, the director now owns 206,790 shares of the company’s stock, valued at approximately $30,118,963.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by company insiders.
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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