Brown Advisory Inc. Has $11.12 Million Stake in J M Smucker Co (SJM)
Brown Advisory Inc. reduced its stake in shares of J M Smucker Co (NYSE:SJM) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,929 shares of the company’s stock after selling 22,696 shares during the quarter. Brown Advisory Inc. owned 0.10% of J M Smucker worth $11,118,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Sawyer & Company Inc boosted its stake in J M Smucker by 1.8% in the fourth quarter. Sawyer & Company Inc now owns 5,523 shares of the company’s stock valued at $516,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems boosted its stake in J M Smucker by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,515 shares of the company’s stock valued at $1,918,000 after buying an additional 100 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its stake in J M Smucker by 3.8% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 2,978 shares of the company’s stock valued at $278,000 after buying an additional 110 shares in the last quarter. Lenox Wealth Management Inc. boosted its stake in J M Smucker by 1.4% in the fourth quarter. Lenox Wealth Management Inc. now owns 8,137 shares of the company’s stock valued at $761,000 after buying an additional 116 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in J M Smucker by 24.0% in the fourth quarter. Synovus Financial Corp now owns 645 shares of the company’s stock valued at $60,000 after buying an additional 125 shares in the last quarter. 77.32% of the stock is currently owned by institutional investors.
In other news, Director Kathryn W. Dindo bought 500 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was purchased at an average cost of $92.20 per share, for a total transaction of $46,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy P. Smucker bought 11,000 shares of the company’s stock in a transaction on Wednesday, December 19th. The stock was purchased at an average price of $98.26 per share, with a total value of $1,080,860.00. Following the completion of the transaction, the director now directly owns 579,652 shares of the company’s stock, valued at approximately $56,956,605.52. The disclosure for this purchase can be found here. Insiders acquired 12,000 shares of company stock valued at $1,173,060 over the last quarter. Corporate insiders own 3.92% of the company’s stock.
J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.02 by $0.24. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.50 earnings per share. On average, research analysts anticipate that J M Smucker Co will post 8.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a $0.85 dividend. The ex-dividend date was Thursday, February 14th. This represents a $3.40 annualized dividend and a yield of 3.27%. J M Smucker’s dividend payout ratio is presently 42.71%.
Several analysts recently weighed in on SJM shares. Barclays reaffirmed a “hold” rating and issued a $103.00 price objective on shares of J M Smucker in a research note on Sunday, December 2nd. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a research note on Monday, December 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of J M Smucker in a research note on Friday, January 11th. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Wells Fargo & Co raised their price objective on J M Smucker from $100.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, February 25th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $112.73.
About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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