4 days Ago By ABMN Staff
Russell Investments Group Ltd. lessened its holdings in shares of The J. M.
Smucker Company ( NYSE:SJM – Free Report ) by 61.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,775 shares of the company’s stock after selling 62,575 shares during the quarter.
Russell Investments Group Ltd.’s holdings in J. M.
Smucker were worth $4,269,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc.
raised its holdings in shares of J. M. Smucker by 1.
0% in the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock worth $1,469,544,000 after acquiring an additional 130,533 shares during the last quarter.
Geode Capital Management LLC raised its stake in shares of J. M. Smucker by 2.
3% in the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock worth $286,664,000 after purchasing an additional 58,231 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of J.
M. Smucker by 16.5% in the fourth quarter.
Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after purchasing an additional 192,748 shares in the last quarter. Norges Bank bought a new position in shares of J. M.
Smucker in the fourth quarter valued at approximately $112,978,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of J.
M. Smucker by 1.3% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock valued at $110,455,000 after buying an additional 12,410 shares during the last quarter. 81.
66% of the stock is owned by institutional investors. Wall Street Analyst Weigh In SJM has been the topic of several recent analyst reports. DA Davidson dropped their price objective on J.
M. Smucker from $122.00 to $120.
00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. StockNews.com raised shares of J.
M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Stifel Nicolaus reduced their price objective on shares of J.
M. Smucker from $125.00 to $120.
00 and set a “hold” rating for the company in a research report on Friday, January 24th. Morgan Stanley started coverage on shares of J. M.
Smucker in a research note on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective for the company.
Finally, Barclays cut their target price on J. M. Smucker from $123.
00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $125.67.
Insider Activity In other news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.
36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.
68. This trade represents a 27.49 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction that occurred on Friday, March 28th.
The stock was sold at an average price of $116.26, for a total transaction of $594,902.42.
Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.
78 % decrease in their position. The disclosure for this sale can be found here . 3.
40% of the stock is owned by company insiders. J. M.
Smucker Stock Performance Shares of SJM opened at $116.33 on Wednesday. The J.
M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.
42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.
58 and a quick ratio of 0.27. The stock’s fifty day moving average price is $111.
24 and its two-hundred day moving average price is $111.88. The firm has a market cap of $12.
38 billion, a PE ratio of 23.55, a PEG ratio of 3.91 and a beta of 0.
35. J. M.
Smucker ( NYSE:SJM – Get Free Report ) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.
37 by $0.24. The company had revenue of $2.
19 billion during the quarter, compared to analyst estimates of $2.23 billion. J.
M. Smucker had a return on equity of 14.35% and a net margin of 5.
96%. On average, equities research analysts forecast that The J. M.
Smucker Company will post 9.88 EPS for the current year. J.
M. Smucker Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.
08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.
71%. The ex-dividend date was Friday, February 14th. J.
M. Smucker’s payout ratio is currently -179.25%.
J. M. Smucker Company Profile ( Free Report ) The J.
M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.
S. Retail Pet Foods, U.S.
Retail Coffee, and U.S. Retail Consumer Foods.
The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients. Featured Articles Receive News & Ratings for J. M.
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