Bessemer Group Inc. boosted its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 577,825 shares of the company’s stock after buying an additional 34,798 shares during the period. Bessemer Group Inc. owned about 0.50% of J.M. Smucker Company (The) worth $73,996,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SJM. Russell Investments Group Ltd. bought a new stake in shares of J.M. Smucker Company (The) during the fourth quarter worth $38,622,000. APG Asset Management N.V. raised its stake in J.M. Smucker Company (The) by 170.9% in the third quarter. APG Asset Management N.V. now owns 465,428 shares of the company’s stock worth $63,084,000 after buying an additional 293,600 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in J.M. Smucker Company (The) during the third quarter worth approximately $36,631,000. First Trust Advisors LP raised its stake in J.M. Smucker Company (The) by 7,557.8% in the third quarter. First Trust Advisors LP now owns 246,657 shares of the company’s stock worth $33,432,000 after buying an additional 243,436 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in J.M. Smucker Company (The) by 341.0% in the third quarter. Panagora Asset Management Inc. now owns 309,489 shares of the company’s stock worth $41,948,000 after buying an additional 239,303 shares in the last quarter. Institutional investors own 75.89% of the company’s stock.
Shares of J.M. Smucker Company (NYSE:SJM) opened at 138.02 on Friday. The company has a market capitalization of $16.07 billion, a PE ratio of 22.50 and a beta of 0.54. J.M. Smucker Company has a 12 month low of $121.79 and a 12 month high of $157.31. The firm’s 50-day moving average is $132.93 and its 200 day moving average is $135.66.
J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, November 17th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.12. The firm earned $1.91 billion during the quarter, compared to the consensus estimate of $2 billion. J.M. Smucker Company (The) had a net margin of 9.63% and a return on equity of 12.41%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.62 earnings per share. Equities research analysts predict that J.M. Smucker Company will post $7.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, February 8th. J.M. Smucker Company (The)’s payout ratio is currently 48.86%.
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A number of analysts have commented on the stock. Zacks Investment Research lowered shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Credit Suisse Group set a $134.00 target price on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a report on Friday, November 18th. Deutsche Bank AG reaffirmed a “buy” rating and set a $162.00 target price (up previously from $150.00) on shares of J.M. Smucker Company (The) in a report on Monday, November 14th. Bank of America Corporation assumed coverage on shares of J.M. Smucker Company (The) in a report on Tuesday, December 6th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Jefferies Group LLC lowered their target price on shares of J.M. Smucker Company (The) from $135.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $142.36.
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.
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