J M Smucker Co (SJM) Stake Lowered by Hemenway Trust Co LLC

Hemenway Trust Co LLC trimmed its holdings in shares of J M Smucker Co (NYSE:SJM) by 38.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 43,510 shares of the company’s stock after selling 27,386 shares during the quarter. Hemenway Trust Co LLC’s holdings in J M Smucker were worth $5,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Profund Advisors LLC increased its holdings in J M Smucker by 22.8% in the 2nd quarter. Profund Advisors LLC now owns 3,176 shares of the company’s stock worth $376,000 after acquiring an additional 590 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in J M Smucker by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,691 shares of the company’s stock valued at $555,000 after buying an additional 130 shares in the last quarter. Numeric Investors LLC grew its holdings in J M Smucker by 78.2% during the 2nd quarter. Numeric Investors LLC now owns 19,600 shares of the company’s stock valued at $2,319,000 after buying an additional 8,600 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in J M Smucker by 220.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,777 shares of the company’s stock valued at $684,000 after buying an additional 3,977 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in J M Smucker by 10,512.5% during the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after buying an additional 841 shares in the last quarter. Institutional investors own 75.51% of the company’s stock.

SJM has been the subject of a number of recent analyst reports. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley set a $106.00 target price on J M Smucker and gave the company a “sell” rating in a report on Friday, October 13th. Susquehanna Bancshares raised J M Smucker from a “neutral” rating to a “positive” rating and lifted their target price for the company from $110.00 to $127.00 in a report on Monday, November 13th. Jefferies Group set a $130.00 target price on J M Smucker and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Credit Suisse Group set a $110.00 target price on J M Smucker and gave the company a “hold” rating in a report on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.83.

In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the sale, the senior vice president now owns 23,452 shares in the company, valued at approximately $2,916,490.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,610 shares of company stock valued at $698,093. Corporate insiders own 3.50% of the company’s stock.

Shares of J M Smucker Co (NYSE SJM) traded down $3.53 on Friday, hitting $122.50. The stock had a trading volume of 651,496 shares, compared to its average volume of 1,099,908. The company has a market cap of $14,414.40 and a P/E ratio of 24.76. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $2.05 EPS. equities research analysts expect that J M Smucker Co will post 7.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.55%. J M Smucker’s dividend payout ratio (DPR) is presently 63.03%.

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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.

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

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