J.M. Smucker Company (The) (SJM) Shares Sold by Broderick Brian C

Broderick Brian C trimmed its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,731 shares of the company’s stock after selling 2,590 shares during the period. Broderick Brian C’s holdings in J.M. Smucker Company (The) were worth $2,384,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in J.M. Smucker Company (The) by 2,899.4% in the 1st quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after purchasing an additional 7,330,233 shares in the last quarter. Schroder Investment Management Group increased its holdings in J.M. Smucker Company (The) by 7,253.2% in the 2nd quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock valued at $137,699,000 after purchasing an additional 1,150,873 shares in the last quarter. Koch Industries Inc. acquired a new stake in J.M. Smucker Company (The) in the 2nd quarter valued at $495,000. Renaissance Technologies LLC acquired a new stake in J.M. Smucker Company (The) in the 2nd quarter valued at $54,456,000. Finally, Parametric Portfolio Associates LLC increased its holdings in J.M. Smucker Company (The) by 251.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock valued at $76,033,000 after purchasing an additional 459,528 shares in the last quarter. Institutional investors and hedge funds own 72.94% of the company’s stock.

Shares of J.M. Smucker Company (NYSE:SJM) traded down 0.4362% during mid-day trading on Monday, hitting $103.2576. The stock had a trading volume of 513,550 shares. The stock has a market cap of $11.73 billion, a P/E ratio of 21.6882 and a beta of 0.62. The stock has a 50-day moving average price of $105.66 and a 200 day moving average price of $117.64. J.M. Smucker Company has a 52 week low of $102.31 and a 52 week high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate 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 business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. On average, equities analysts forecast that J.M. Smucker Company will post $7.70 EPS 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. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $3.12 annualized dividend and a yield of 3.01%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 65.55%.

Several analysts recently issued reports on SJM shares. Stephens downgraded J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Morgan Stanley reiterated an “underweight” rating and issued a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. Hilliard Lyons upgraded J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price target for the company in a report on Tuesday, July 11th. They noted that the move was a valuation call. Finally, BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. J.M. Smucker Company (The) currently has an average rating of “Hold” and a consensus price target of $125.64.

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

ILLEGAL ACTIVITY NOTICE: This report was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/10/30/j-m-smucker-company-the-sjm-shares-sold-by-broderick-brian-c.html.

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.

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.M. Smucker Company (The) (NYSE:SJM).

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

What are top analysts saying about J.M. Smucker Company (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for J.M. Smucker Company (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit