Wesbanco Bank Inc. trimmed its stake in shares of J M Smucker Co (NYSE:SJM) by 11.3% in the second quarter, Holdings Channel.com reports. The firm owned 4,791 shares of the company’s stock after selling 608 shares during the quarter. Wesbanco Bank Inc.’s holdings in J M Smucker were worth $552,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in SJM. Resources Investment Advisors Inc. boosted its stake in shares of J M Smucker by 10,650.0% in the 1st quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 213 shares during the last quarter. Guinness Asset Management Ltd boosted its stake in shares of J M Smucker by 52.7% in the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after purchasing an additional 89 shares during the last quarter. Zions Bancorporation N.A. bought a new stake in shares of J M Smucker in the 1st quarter valued at $31,000. Whitener Capital Management Inc. boosted its stake in shares of J M Smucker by 52.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Alera Investment Advisors LLC bought a new position in J M Smucker during the first quarter worth $35,000. Institutional investors and hedge funds own 77.41% of the company’s stock.
In other J M Smucker news, CEO Mark T. Smucker sold 2,200 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $113.28, for a total value of $249,216.00. Following the transaction, the chief executive officer now directly owns 140,975 shares of the company’s stock, valued at $15,969,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Geoff E. Tanner acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was acquired at an average cost of $103.42 per share, for a total transaction of $103,420.00. Following the completion of the purchase, the senior vice president now directly owns 14,063 shares of the company’s stock, valued at approximately $1,454,395.46. The disclosure for this purchase can be found here. Insiders sold 4,019 shares of company stock worth $457,363 over the last ninety days. Insiders own 3.70% of the company’s stock.
Shares of J M Smucker stock traded up $0.66 during trading hours on Friday, reaching $106.51. The company’s stock had a trading volume of 774,122 shares, compared to its average volume of 1,149,759. J M Smucker Co has a one year low of $91.32 and a one year high of $128.43. The company has a market capitalization of $12.07 billion, a P/E ratio of 12.85, a P/E/G ratio of 3.40 and a beta of 0.43. The stock’s fifty day simple moving average is $110.40 and its two-hundred day simple moving average is $115.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.26 and a current ratio of 0.70.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.17). J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $1.78 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, research analysts forecast that J M Smucker Co will post 8.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.30%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, August 15th. J M Smucker’s dividend payout ratio (DPR) is 42.46%.
About J M Smucker
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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