Clark Estates Inc. NY boosted its holdings in shares of J M Smucker Co (NYSE:SJM) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. J M Smucker comprises about 0.9% of Clark Estates Inc. NY’s investment portfolio, making the stock its 21st largest position. Clark Estates Inc. NY’s holdings in J M Smucker were worth $5,591,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC increased its position in J M Smucker by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after acquiring an additional 841 shares during the last quarter. Sit Investment Associates Inc. increased its position in J M Smucker by 234.0% during the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after acquiring an additional 620 shares during the last quarter. BT Investment Management Ltd bought a new position in J M Smucker during the second quarter valued at $204,000. Moller Financial Services bought a new position in J M Smucker during the fourth quarter valued at $221,000. Finally, Williams Jones & Associates LLC bought a new position in J M Smucker during the second quarter valued at $218,000. 74.98% of the stock is currently owned by institutional investors.
J M Smucker Co (SJM) traded up $1.87 during midday trading on Friday, hitting $127.53. 807,376 shares of the stock were exchanged, compared to its average volume of 877,026. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14,490.00, a PE ratio of 25.82, a PEG ratio of 2.15 and a beta of 0.66. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. research analysts forecast that J M Smucker Co will post 7.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.45%. J M Smucker’s payout ratio is presently 63.16%.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,610 shares of company stock worth $698,093. Company insiders own 3.50% of the company’s stock.
SJM has been the topic of a number of analyst reports. Wells Fargo & Co set a $128.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research report on Thursday, January 4th. Susquehanna Bancshares set a $141.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research report on Friday, December 8th. Morgan Stanley set a $112.00 price objective on shares of J M Smucker and gave the company a “sell” rating in a research report on Friday, November 17th. Jefferies Group set a $135.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, Credit Suisse Group set a $110.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. J M Smucker has an average rating of “Hold” and a consensus price target of $127.75.
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J M Smucker 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.
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