Strs Ohio increased its stake in The JM Smucker Company (NYSE: SJM – Get Rating) by 1.7% in Q1, according to the company in its latest SEC filing. The institutional investor held 28,129 shares of the company after acquiring an additional 471 shares during the quarter. Strs Ohio’s holdings in JM Smucker were worth $3,808,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently changed their holdings in SJM. Gemmer Asset Management LLC increased its stake in JM Smucker by 70.2% in the fourth quarter. Gemmer Asset Management LLC now owns 194 shares of the company worth $26,000 after acquiring 80 additional shares in the last quarter. Shore Point Advisors LLC purchased a new stake in JM Smucker in Q4 for $27,000. Farmers & Merchants Investments Inc. increased its stake in JM Smucker by 254.2% in Q4. Farmers & Merchants Investments Inc. now owns 209 shares of the company worth $28,000 after acquiring 150 additional shares in the last quarter. Castle Financial & Retirement Planning Associates Inc. purchased a new stake in JM Smucker in Q4 for $30,000. Finally, Okabena Investment Services Inc. purchased a new stake in JM Smucker in Q4 for $32,000. 83.02% of the shares are held by institutional investors.
Shares of JM Smucker opened at $131.95 on Friday. The company has a market capitalization of $14.31 billion, a P/E ratio of 22.63, a P/E/G ratio of 13.68 and a beta of 0.24. The JM Smucker Company has a 52 week low of $118.55 and a 52 week high of $146.74. The company has a quick ratio of 0.47, a current ratio of 1.03 and a debt ratio of 0.53. The company’s 50-day moving average is $130.32 and its two-hundred-day moving average is $134.61.
JM Smucker (NYSE:SJM – Get Rating) last released quarterly earnings data on Tuesday, June 7. The company reported earnings per share of $2.23 for the quarter, beating the consensus estimate of $1.88 by $0.35. The company posted revenue of $2.03 billion in the quarter, versus a consensus estimate of $1.98 billion. JM Smucker had a return on equity of 11.71% and a net margin of 7.90%. The company’s revenue increased by 5.9% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $1.89. As a group, research analysts expect The JM Smucker Company to post earnings per share of 8.4 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Friday, May 13 received a dividend of $0.99. This represents an annualized dividend of $3.96 and a dividend yield of 3.00%. The ex-dividend date was Thursday, May 12. JM Smucker’s payout ratio is currently 67.92%.
Several equity research analysts have published reports on SJM shares. UBS Group raised its price target on JM Smucker shares to $124.00 in a Thursday, June 9 research note. Consumer Edge reduced JM Smucker shares from an “equal weight” rating to an “underweight” rating in a Thursday, June 16 research note. StockNews.com began covering JM Smucker shares in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Citigroup raised its price target on JM Smucker shares to $137.00 in a Thursday, June 9 research note. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on JM Smucker shares from $133.00 to $131.00 in a Wednesday, June 8 research note. Three analysts rated the stock with a sell rating, nine issued a hold rating and one gave the company’s stock a buy rating. Based on MarketBeat data, JM Smucker currently has an average rating of “Hold” and a consensus price target of $132.27.
Profile of JM Smucker (Get an assessment)
The JM Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods and International and Out-of-Home. The company offers roast, ground, single serve and premium coffee; peanut butter and specialty spreads; fruit spreads, shortenings and oils and frozen sandwiches; pet food and snacks; and hot beverages for foodservice, portion control for foodservice and flour products, as well as dog and cat food, frozen hand products, juices and beverages and baking ingredients .
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