J M Smucker Co (SJM) Stake Increased by Brown Advisory Inc.

Brown Advisory Inc. lifted its position in shares of J M Smucker Co (NYSE:SJM) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,399 shares of the company’s stock after acquiring an additional 19,996 shares during the period. Brown Advisory Inc. owned approximately 0.07% of J M Smucker worth $8,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its position in J M Smucker by 12.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,120 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,000 shares in the last quarter. Rothschild Asset Management Inc. increased its position in J M Smucker by 25.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 7,032 shares of the company’s stock valued at $832,000 after acquiring an additional 1,448 shares during the period. CIBC Asset Management Inc increased its position in J M Smucker by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock valued at $1,440,000 after acquiring an additional 31 shares during the period. Sei Investments Co. increased its position in J M Smucker by 31.2% in the 2nd quarter. Sei Investments Co. now owns 79,131 shares of the company’s stock valued at $9,362,000 after acquiring an additional 18,836 shares during the period. Finally, Retirement Systems of Alabama increased its position in J M Smucker by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 56,451 shares of the company’s stock valued at $6,680,000 after acquiring an additional 174 shares during the period. 75.46% of the stock is owned by institutional investors.

In related news, Director Gary A. Oatey bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired 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 Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the stock. Citigroup decreased their price target on shares of J M Smucker from $155.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, August 25th. UBS upgraded shares of J M Smucker from a “neutral” rating to a “positive” rating in a research report on Monday, November 13th. Morgan Stanley set a $106.00 price objective on shares of J M Smucker and gave the stock a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Finally, Stifel Nicolaus increased their price objective on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.17.

Shares of J M Smucker Co (NYSE:SJM) traded up $3.78 during midday trading on Tuesday, reaching $119.39. 1,446,800 shares of the company traded hands, compared to its average volume of 1,120,896. The company has a market capitalization of $13,560.00, a price-to-earnings ratio of 15.77, a PEG ratio of 2.14 and a beta of 0.67. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96.

J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. J M Smucker’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 earnings per share. equities analysts anticipate that J M Smucker Co will post 7.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.61%. The ex-dividend date was Thursday, November 9th. J M Smucker’s dividend payout ratio is presently 63.16%.

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J M Smucker 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.

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

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