Ancora Advisors LLC raised its stake in J M Smucker Co (NYSE:SJM) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,647 shares of the company’s stock after acquiring an additional 1,569 shares during the quarter. Ancora Advisors LLC’s holdings in J M Smucker were worth $3,863,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. BlackRock Inc. grew its position in shares of J M Smucker by 0.8% in the third quarter. BlackRock Inc. now owns 9,530,746 shares of the company’s stock valued at $977,951,000 after purchasing an additional 78,423 shares during the period. LSV Asset Management grew its position in shares of J M Smucker by 2.4% in the second quarter. LSV Asset Management now owns 2,656,118 shares of the company’s stock valued at $285,479,000 after purchasing an additional 61,475 shares during the period. Dimensional Fund Advisors LP grew its position in shares of J M Smucker by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,778,851 shares of the company’s stock valued at $182,524,000 after purchasing an additional 14,884 shares during the period. Ariel Investments LLC grew its position in shares of J M Smucker by 6.6% in the second quarter. Ariel Investments LLC now owns 1,767,460 shares of the company’s stock valued at $189,967,000 after purchasing an additional 108,828 shares during the period. Finally, Northern Trust Corp grew its position in shares of J M Smucker by 4.0% in the second quarter. Northern Trust Corp now owns 1,561,484 shares of the company’s stock valued at $167,828,000 after purchasing an additional 60,352 shares during the period. 79.95% of the stock is owned by institutional investors.
In other news, SVP Jeannette L. Knudsen sold 1,500 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the sale, the senior vice president now owns 26,224 shares of the company’s stock, valued at $2,904,045.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.92% of the stock is owned by corporate insiders.
J M Smucker (NYSE:SJM) last issued its earnings results on Wednesday, November 28th. The company reported $2.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.12). J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $2.02 EPS. J M Smucker’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that J M Smucker Co will post 8.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 16th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, November 15th. J M Smucker’s payout ratio is 42.71%.
A number of equities research analysts have recently commented on SJM shares. Credit Suisse Group set a $95.00 price objective on J M Smucker and gave the company a “sell” rating in a research report on Friday, September 21st. Wolfe Research downgraded J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Bank of America reissued a “neutral” rating and set a $106.00 price target on shares of J M Smucker in a research report on Wednesday, October 3rd. Finally, ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. J M Smucker currently has a consensus rating of “Hold” and a consensus price target of $119.17.
J M Smucker Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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