Standard Life Aberdeen plc Has $31.13 Million Holdings in J M Smucker Co (SJM)

Standard Life Aberdeen plc lessened its holdings in J M Smucker Co (NYSE:SJM) by 31.0% during the third quarter, HoldingsChannel reports. The firm owned 303,333 shares of the company’s stock after selling 136,226 shares during the quarter. Standard Life Aberdeen plc’s holdings in J M Smucker were worth $31,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CSat Investment Advisory L.P. purchased a new stake in J M Smucker in the 2nd quarter valued at approximately $122,000. Truvestments Capital LLC purchased a new stake in J M Smucker in the 3rd quarter valued at approximately $154,000. CWM LLC lifted its position in shares of J M Smucker by 347.5% during the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after acquiring an additional 1,369 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of J M Smucker during the 2nd quarter valued at approximately $194,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of J M Smucker during the 2nd quarter valued at approximately $202,000. 79.44% of the stock is currently owned by institutional investors.

SJM stock opened at $103.26 on Tuesday. J M Smucker Co has a 12-month low of $96.13 and a 12-month high of $133.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 0.57. The company has a market cap of $11.89 billion, a PE ratio of 12.97, a P/E/G ratio of 2.20 and a beta of 0.38.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm earned $2.02 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that J M Smucker Co will post 7.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Friday, November 16th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $3.40 annualized dividend and a dividend yield of 3.29%. J M Smucker’s dividend payout ratio is currently 42.71%.

In related news, SVP Jeannette L. Knudsen sold 1,500 shares of J M Smucker stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at approximately $2,904,045.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.92% of the company’s stock.

SJM has been the subject of a number of research reports. Credit Suisse Group set a $95.00 price target on shares of J M Smucker and gave the company a “sell” rating in a research report on Friday, September 21st. Wolfe Research downgraded shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Bank of America reiterated 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, Barclays reiterated a “hold” rating and set a $103.00 price target on shares of J M Smucker in a research report on Sunday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. J M Smucker currently has a consensus rating of “Hold” and a consensus target price of $117.33.

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About J M Smucker

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.

Further Reading: Penny Stocks

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

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