Commonwealth Bank of Australia Has $2.19 Million Holdings in J M Smucker Co (SJM)
Commonwealth Bank of Australia lowered its position in J M Smucker Co (NYSE:SJM) by 0.5% in the first quarter, HoldingsChannel.com reports. The fund owned 18,803 shares of the company’s stock after selling 100 shares during the quarter. Commonwealth Bank of Australia’s holdings in J M Smucker were worth $2,185,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC raised its position in shares of J M Smucker by 360.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,841 shares of the company’s stock worth $214,000 after acquiring an additional 1,441 shares during the period. Morningstar Investment Services LLC raised its position in shares of J M Smucker by 2.7% in the fourth quarter. Morningstar Investment Services LLC now owns 4,055 shares of the company’s stock worth $379,000 after acquiring an additional 105 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of J M Smucker in the first quarter worth about $449,000. Amundi Pioneer Asset Management Inc. raised its position in shares of J M Smucker by 13.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 301,975 shares of the company’s stock worth $28,232,000 after acquiring an additional 35,380 shares during the period. Finally, Physicians Financial Services Inc. acquired a new position in shares of J M Smucker in the first quarter worth about $305,000. Institutional investors and hedge funds own 78.05% of the company’s stock.
In other news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now owns 24,292 shares of the company’s stock, valued at $2,498,675.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.92% of the stock is owned by insiders.
SJM stock opened at $124.30 on Tuesday. The stock has a market cap of $13.89 billion, a PE ratio of 15.62, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44. J M Smucker Co has a 52 week low of $91.32 and a 52 week high of $128.43.
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.74%. J M Smucker’s dividend payout ratio is currently 42.71%.
COPYRIGHT VIOLATION NOTICE: “Commonwealth Bank of Australia Has $2.19 Million Holdings in J M Smucker Co (SJM)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.dailypolitical.com/2019/06/04/commonwealth-bank-of-australia-has-2-19-million-holdings-in-j-m-smucker-co-sjm.html.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
Read More: What are Bollinger Bands?
Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.