Arthur M. Cohen & Associates LLC Has $308,000 Stake in J M Smucker Co (SJM)

Arthur M. Cohen & Associates LLC reduced its holdings in shares of J M Smucker Co (NYSE:SJM) by 27.8% in the 1st quarter, HoldingsChannel reports. The fund owned 2,645 shares of the company’s stock after selling 1,020 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in J M Smucker were worth $308,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of J M Smucker by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,651 shares of the company’s stock valued at $775,000 after purchasing an additional 445 shares during the period. Alethea Capital Management LLC acquired a new stake in shares of J M Smucker in the 1st quarter valued at about $1,491,000. Raymond James & Associates lifted its position in J M Smucker by 3.4% during the 1st quarter. Raymond James & Associates now owns 221,935 shares of the company’s stock worth $25,856,000 after acquiring an additional 7,259 shares during the period. Alpine Woods Capital Investors LLC acquired a new stake in J M Smucker during the 1st quarter worth approximately $211,000. Finally, Everence Capital Management Inc. acquired a new stake in J M Smucker during the 1st quarter worth approximately $603,000. 79.50% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on SJM. Zacks Investment Research cut J M Smucker from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Morgan Stanley raised J M Smucker from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $104.00 to $117.00 in a research report on Thursday, April 18th. Credit Suisse Group raised J M Smucker from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $96.00 to $120.00 in a research report on Monday, April 8th. Argus began coverage on J M Smucker in a research report on Monday, April 1st. They set a “hold” rating for the company. Finally, ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. J M Smucker currently has a consensus rating of “Hold” and an average target price of $116.73.



In other news, SVP Jeannette L. Knudsen sold 1,932 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the transaction, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at approximately $2,498,675.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.92% of the company’s stock.

J M Smucker stock opened at $127.50 on Thursday. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $128.09. 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 company has a market cap of $14.42 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.56 and a beta of 0.58.

J M Smucker (NYSE:SJM) last issued its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.23. The business 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 company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 EPS. As a group, research analysts forecast that J M Smucker Co will post 8.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, May 16th. J M Smucker’s dividend payout ratio (DPR) is 42.71%.

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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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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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