J M Smucker Co (SJM) Shares Sold by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. reduced its position in shares of J M Smucker Co (NYSE:SJM) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,161 shares of the company’s stock after selling 1,236 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of J M Smucker worth $10,510,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sun Life Financial INC raised its position in J M Smucker by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after purchasing an additional 841 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in J M Smucker by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after purchasing an additional 50 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in J M Smucker during the third quarter valued at approximately $201,000. Well Done LLC acquired a new position in J M Smucker during the third quarter valued at approximately $201,000. Finally, Stokes & Hubbell Capital Management LLC acquired a new position in J M Smucker during the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 75.46% of the company’s stock.
Shares of J M Smucker Co (NYSE:SJM) traded up $0.20 during trading on Thursday, hitting $118.15. 579,700 shares of the company traded hands, compared to its average volume of 1,113,809. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. J M Smucker Co has a one year low of $99.57 and a one year high of $143.68. The company has a market capitalization of $13,398.84, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. J M Smucker’s revenue for the quarter was up .5% on a year-over-year basis. equities research analysts anticipate that J M Smucker Co will post 7.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $0.78 dividend. The ex-dividend date was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.64%. J M Smucker’s dividend payout ratio is 63.03%.
A number of analysts have weighed in on SJM shares. Susquehanna Bancshares set a $131.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co cut shares of J M Smucker from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $135.00 to $116.00 in a research note on Thursday, August 24th. Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research note on Friday, August 25th. Morgan Stanley reaffirmed a “sell” rating and set a $108.00 target price (down previously from $114.00) on shares of J M Smucker in a research note on Friday, August 25th. Finally, Citigroup decreased their target price on shares of J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, August 25th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $126.00.
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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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