Quantbot Technologies LP Purchases New Stake in J.M. Smucker Company (The) (SJM)

Quantbot Technologies LP purchased a new stake in J.M. Smucker Company (The) (NYSE:SJM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,946 shares of the company’s stock, valued at approximately $2,197,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in J.M. Smucker Company (The) by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock valued at $1,444,691,000 after buying an additional 265,451 shares during the period. BlackRock Inc. boosted its position in J.M. Smucker Company (The) by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after buying an additional 578,984 shares during the period. State Street Corp boosted its position in J.M. Smucker Company (The) by 0.9% in the 2nd quarter. State Street Corp now owns 5,496,377 shares of the company’s stock valued at $650,374,000 after buying an additional 49,959 shares during the period. FMR LLC boosted its position in J.M. Smucker Company (The) by 17.1% in the 2nd quarter. FMR LLC now owns 2,352,150 shares of the company’s stock valued at $278,330,000 after buying an additional 343,013 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in J.M. Smucker Company (The) by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,706,412 shares of the company’s stock valued at $201,918,000 after buying an additional 39,972 shares during the period. 73.29% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. Citigroup Inc. decreased their price target on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, August 25th. UBS AG raised shares of J.M. Smucker Company (The) from a “neutral” rating to a “positive” rating in a research report on Monday, November 13th. Morgan Stanley set a $106.00 price target on shares of J.M. Smucker Company (The) and gave the company a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Stifel Nicolaus raised their price target on shares of J.M. Smucker Company (The) from $109.00 to $113.00 and gave the company a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and an average price target of $124.75.

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In related news, Director Gary A. Oatey purchased 1,000 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $107.30 per share, with a total value of $107,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard K. Smucker purchased 10,000 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the transaction, the insider now owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.

Shares of J.M. Smucker Company (NYSE SJM) traded down $2.46 on Friday, reaching $114.19. 1,418,187 shares of the company were exchanged, compared to its average volume of 1,122,243. J.M. Smucker Company has a 52-week low of $99.57 and a 52-week high of $143.68. The stock has a market capitalization of $12,970.00, a PE ratio of 14.70, a PEG ratio of 2.12 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.64.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.12. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company earned $2.05 earnings per share. J.M. Smucker Company (The)’s quarterly revenue was up .5% compared to the same quarter last year. analysts anticipate that J.M. Smucker Company will post 7.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.78 dividend. The ex-dividend date is Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 63.03%.

J.M. Smucker Company (The) Company Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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

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