Kinneret Advisory LLC purchased a new stake in shares of J M Smucker Co (NYSE:SJM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,318 shares of the company’s stock, valued at approximately $123,000.
A number of other institutional investors have also recently bought and sold shares of the business. Sawyer & Company Inc lifted its holdings in shares of J M Smucker by 1.8% in the 4th quarter. Sawyer & Company Inc now owns 5,523 shares of the company’s stock valued at $516,000 after buying an additional 100 shares during the period. Utah Retirement Systems lifted its holdings in shares of J M Smucker by 0.5% in the 4th 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 during the period. Roberts Glore & Co. Inc. IL lifted its holdings in shares of J M Smucker by 3.8% in the 4th 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 during the period. Lenox Wealth Management Inc. lifted its holdings in shares of J M Smucker by 1.4% in the 4th 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 during the period. Finally, Synovus Financial Corp lifted its holdings in shares of J M Smucker by 24.0% in the 4th quarter. Synovus Financial Corp now owns 645 shares of the company’s stock valued at $60,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 77.32% of the company’s stock.
Shares of J M Smucker stock opened at $103.85 on Friday. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $131.52. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.16 and a beta of 0.55. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.66.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.27%. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.
SJM has been the subject of a number of analyst reports. Zacks Investment Research cut J M Smucker from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Jefferies Financial Group set a $125.00 target price on J M Smucker and gave the company a “buy” rating in a report on Wednesday, November 28th. Credit Suisse Group raised J M Smucker to a “hold” rating and set a $94.00 target price for the company in a report on Thursday, November 29th. Finally, ValuEngine cut J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. J M Smucker has an average rating of “Hold” and an average target price of $112.73.
In related news, Director Kathryn W. Dindo purchased 500 shares of the company’s stock in a transaction dated Thursday, December 27th. The stock was acquired at an average cost of $92.20 per share, for a total transaction of $46,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy P. Smucker purchased 11,000 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was bought 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 $56,956,605.52. The disclosure for this purchase can be found here. Insiders bought 12,000 shares of company stock valued at $1,173,060 over the last 90 days. Company insiders own 3.92% of the company’s stock.
J M Smucker Company Profile
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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