First Mercantile Trust Co. Has $49,000 Position in J M Smucker Co (SJM)

First Mercantile Trust Co. reduced its position in J M Smucker Co (NYSE:SJM) by 37.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420 shares of the company’s stock after selling 250 shares during the period. First Mercantile Trust Co.’s holdings in J M Smucker were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc lifted its stake in shares of J M Smucker by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock valued at $1,368,280,000 after purchasing an additional 293,331 shares during the period. BlackRock Inc. lifted its stake in shares of J M Smucker by 7.4% in the 4th quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock valued at $957,309,000 after purchasing an additional 708,976 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of J M Smucker by 12,668.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock valued at $57,000 after purchasing an additional 5,309,548 shares during the period. Bank of America Corp DE lifted its stake in shares of J M Smucker by 312.2% in the 4th quarter. Bank of America Corp DE now owns 4,351,714 shares of the company’s stock valued at $406,843,000 after purchasing an additional 3,295,923 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of J M Smucker by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,792,424 shares of the company’s stock valued at $167,581,000 after purchasing an additional 13,573 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.

Several equities analysts recently issued reports on SJM shares. Zacks Investment Research cut shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Citigroup upped their price objective on shares of J M Smucker from $122.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Wells Fargo & Co upped their price objective on shares of J M Smucker from $100.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, February 25th. Bank of America restated a “neutral” rating and set a $107.00 price objective on shares of J M Smucker in a research report on Friday, May 17th. Finally, ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $117.18.



NYSE:SJM opened at $127.14 on Friday. 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 firm has a market cap of $14.48 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 2.92 and a beta of 0.58. J M Smucker Co has a fifty-two week low of $91.32 and a fifty-two week high of $128.43.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.23. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The firm’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 earnings per share. As a group, equities research analysts predict 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 given a $0.85 dividend. 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%.

In other news, SVP Jeannette L. Knudsen sold 1,932 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $102.86, for a total value of $198,725.52. Following the completion of the sale, the senior vice president now directly owns 24,292 shares in the company, valued at $2,498,675.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.92% of the stock is owned by corporate insiders.

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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.

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

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