J.M. Smucker Company (The) (SJM) is Speece Thorson Capital Group Inc.’s 7th Largest Position

Speece Thorson Capital Group Inc. raised its stake in J.M. Smucker Company (The) (NYSE:SJM) by 20.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 170,573 shares of the company’s stock after buying an additional 28,579 shares during the quarter. J.M. Smucker Company (The) comprises approximately 3.7% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 7th biggest holding. Speece Thorson Capital Group Inc. owned 0.15% of J.M. Smucker Company (The) worth $17,898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sun Life Financial INC raised its holdings in shares of J.M. Smucker Company (The) by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after purchasing an additional 841 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of J.M. Smucker Company (The) in the first quarter valued at approximately $126,000. Paradigm Asset Management Co. LLC raised its holdings in shares of J.M. Smucker Company (The) by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after purchasing an additional 50 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of J.M. Smucker Company (The) in the third quarter valued at approximately $201,000. Finally, Well Done LLC acquired a new stake in shares of J.M. Smucker Company (The) in the third quarter valued at approximately $201,000. 72.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Jefferies Group LLC lowered their price objective on shares of J.M. Smucker Company (The) from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley reiterated an “underweight” rating and issued a $114.00 price objective (down from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $131.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Stephens downgraded shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $125.64.

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Shares of J.M. Smucker Company (NYSE SJM) traded up 2.23% during trading on Tuesday, reaching $104.18. 539,874 shares of the company were exchanged. J.M. Smucker Company has a one year low of $101.82 and a one year high of $143.68. The firm’s 50 day moving average price is $105.52 and its 200 day moving average price is $117.30. The company has a market capitalization of $11.83 billion, a PE ratio of 21.88 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $1.86 earnings per share. J.M. Smucker Company (The)’s revenue was down 3.7% on a year-over-year basis. Equities research analysts forecast that J.M. Smucker Company will post $7.70 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.06%. The ex-dividend date is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 65.55%.

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

About J.M. Smucker Company (The)

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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