MML Investors Services LLC boosted its stake in shares of J M Smucker Co (NYSE:SJM) by 7.6% in the 1st quarter, HoldingsChannel reports. The fund owned 7,846 shares of the company’s stock after buying an additional 553 shares during the period. MML Investors Services LLC’s holdings in J M Smucker were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc raised its position in J M Smucker by 2.2% during the third quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock valued at $1,368,280,000 after acquiring an additional 293,331 shares in the last quarter. BlackRock Inc. raised its position in J M Smucker by 7.4% during the fourth quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock valued at $957,309,000 after acquiring an additional 708,976 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in J M Smucker by 12,668.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock valued at $57,000 after acquiring an additional 5,309,548 shares in the last quarter. Bank of America Corp DE raised its position in J M Smucker by 312.2% during the fourth quarter. Bank of America Corp DE now owns 4,351,714 shares of the company’s stock valued at $406,843,000 after acquiring an additional 3,295,923 shares in the last quarter. Finally, LSV Asset Management raised its position in J M Smucker by 51.7% during the first quarter. LSV Asset Management now owns 3,823,806 shares of the company’s stock valued at $445,473,000 after acquiring an additional 1,303,090 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.
J M Smucker stock opened at $123.31 on Friday. The company has a market capitalization of $14.05 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 3.59 and a beta of 0.53. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $128.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.31.
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, May 16th. J M Smucker’s dividend payout ratio is presently 41.01%.
A number of analysts have recently commented on SJM shares. Zacks Investment Research upgraded J M Smucker from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, March 27th. Wells Fargo & Co boosted their price objective on J M Smucker from $110.00 to $114.00 and gave the company a “market perform” rating in a research report on Friday, June 7th. Citigroup boosted their price objective on J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Bank of America restated a “neutral” rating and issued a $107.00 price objective on shares of J M Smucker in a research report on Friday, May 17th. Finally, ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $116.11.
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J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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