41,000 Shares in J M Smucker Co (SJM) Purchased by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL bought a new position in shares of J M Smucker Co (NYSE:SJM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,000 shares of the company’s stock, valued at approximately $4,302,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sun Life Financial INC increased its position in J M Smucker by 10,512.5% during the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after purchasing an additional 841 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position in J M Smucker by 4.5% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after purchasing an additional 50 shares in the last quarter. BT Investment Management Ltd acquired a new stake in J M Smucker during the 2nd quarter worth approximately $204,000. Allegis Investment Advisors LLC acquired a new stake in J M Smucker during the 2nd quarter worth approximately $205,000. Finally, First National Trust Co. acquired a new stake in J M Smucker during the 2nd quarter worth approximately $215,000. 75.75% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. BidaskClub upgraded J M Smucker from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Susquehanna Bancshares set a $131.00 price target on J M Smucker and gave the stock a “hold” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co cut J M Smucker from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $135.00 to $116.00 in a report on Thursday, August 24th. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Morgan Stanley set a $112.00 target price on J M Smucker and gave the company a “sell” rating in a research note on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. J M Smucker presently has an average rating of “Hold” and an average target price of $125.17.
In other news, Director Gary A. Oatey bought 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $107.30 per share, with a total value of $107,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.
Shares of J M Smucker Co (NYSE SJM) traded down $1.06 on Friday, hitting $115.61. The stock had a trading volume of 1,154,862 shares, compared to its average volume of 1,119,486. The firm has a market capitalization of $13,130.00, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.13 and a beta of 0.62. 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 Co has a 52 week low of $99.57 and a 52 week high of $143.68.
J M Smucker (NYSE:SJM) last released its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. J M Smucker’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. research analysts expect that J M Smucker Co will post 7.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Thursday, November 9th. J M Smucker’s payout ratio is currently 63.16%.
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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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