Stephens Inc. AR Raises Stock Position in J M Smucker Co (NYSE:SJM)

Stephens Inc. AR lifted its stake in shares of J M Smucker Co (NYSE:SJM) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,433 shares of the company’s stock after buying an additional 94 shares during the quarter. Stephens Inc. AR’s holdings in J M Smucker were worth $2,584,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Resources Investment Advisors Inc. increased its stake in J M Smucker by 10,650.0% in the 1st quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock valued at $25,000 after buying an additional 213 shares during the period. Guinness Asset Management Ltd grew its stake in shares of J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares during the period. Zions Bancorporation N.A. acquired a new position in shares of J M Smucker during the 1st quarter worth $31,000. Alera Investment Advisors LLC acquired a new position in shares of J M Smucker during the 1st quarter worth $35,000. Finally, Perkins Coie Trust Co acquired a new position in shares of J M Smucker during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 77.20% of the company’s stock.

In other news, CEO Mark T. Smucker sold 2,200 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $113.28, for a total transaction of $249,216.00. Following the completion of the transaction, the chief executive officer now owns 140,975 shares of the company’s stock, valued at approximately $15,969,648. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark R. Belgya sold 750 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $113.28, for a total transaction of $84,960.00. Following the transaction, the insider now directly owns 54,942 shares of the company’s stock, valued at approximately $6,223,829.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,269 shares of company stock valued at $372,201. Corporate insiders own 3.70% of the company’s stock.



NYSE:SJM traded up $0.82 on Friday, reaching $114.35. The stock had a trading volume of 550,900 shares, compared to its average volume of 736,428. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 3.31 and a beta of 0.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.31. The firm’s fifty day moving average is $114.54 and its two-hundred day moving average is $115.48. J M Smucker Co has a 12-month low of $91.32 and a 12-month high of $128.43.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.97 by $0.11. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $1.93 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, research analysts forecast that J M Smucker Co will post 8.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from J M Smucker’s previous quarterly dividend of $0.85. J M Smucker’s dividend payout ratio is currently 42.46%.

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Co upped their price target on shares of J M Smucker from $110.00 to $114.00 and gave the stock a “market perform” rating in a research note on Friday, June 7th. Zacks Investment Research cut shares of J M Smucker from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Credit Suisse Group lowered their price target on shares of J M Smucker from $120.00 to $114.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. TheStreet lowered shares of J M Smucker from a “b-” rating to a “c+” rating in a research report on Tuesday, August 6th. Finally, Bank of America reiterated a “neutral” rating and issued a $107.00 price objective on shares of J M Smucker in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $115.44.

About J M Smucker

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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