J.M. Smucker Company (The) (SJM) Shares Bought by Regentatlantic Capital LLC

Regentatlantic Capital LLC increased its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,210 shares of the company’s stock after buying an additional 502 shares during the period. Regentatlantic Capital LLC’s holdings in J.M. Smucker Company (The) were worth $2,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sun Life Financial INC increased its holdings in J.M. Smucker Company (The) by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth about $126,000. Independence Advisors LLC purchased a new stake in J.M. Smucker Company (The) during the second quarter worth about $232,000. Paradigm Asset Management Co. LLC increased its holdings in J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after buying an additional 50 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in J.M. Smucker Company (The) during the second quarter worth about $204,000. Institutional investors and hedge funds own 72.94% of the company’s stock.

A number of analysts recently issued reports on SJM shares. Morgan Stanley set a $106.00 price objective on shares of J.M. Smucker Company (The) and gave the stock a “sell” rating in a report on Friday, October 13th. Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. BidaskClub downgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Citigroup Inc. reduced their target price 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 note on Friday, August 25th. Finally, Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $140.00 in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $126.55.

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

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J.M. Smucker Company (NYSE SJM) traded down 0.68% during trading on Monday, hitting $103.00. 59,348 shares of the stock were exchanged. J.M. Smucker Company has a 1-year low of $102.31 and a 1-year high of $143.68. The company has a 50-day moving average price of $105.66 and a 200 day moving average price of $117.64. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 21.63 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 earnings per share. Equities analysts predict that J.M. Smucker Company will post $7.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio is 65.55%.

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

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