Alpha Quant Advisors LLC grew its position in J M Smucker Co (NYSE:SJM) by 12.9% in the first quarter, HoldingsChannel.com reports. The fund owned 2,393 shares of the company’s stock after buying an additional 273 shares during the period. Alpha Quant Advisors LLC’s holdings in J M Smucker were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the business. Malaga Cove Capital LLC lifted its position in shares of J M Smucker by 1.0% in the 1st quarter. Malaga Cove Capital LLC now owns 10,034 shares of the company’s stock worth $1,169,000 after acquiring an additional 97 shares during the period. First National Trust Co lifted its position in shares of J M Smucker by 2.8% in the 1st quarter. First National Trust Co now owns 3,539 shares of the company’s stock worth $413,000 after acquiring an additional 98 shares during the period. Sawyer & Company Inc lifted its position in shares of J M Smucker by 1.8% in the 4th quarter. Sawyer & Company Inc now owns 5,523 shares of the company’s stock worth $516,000 after acquiring an additional 100 shares during the period. Utah Retirement Systems lifted its position in shares of J M Smucker by 0.5% in the 4th quarter. Utah Retirement Systems now owns 20,515 shares of the company’s stock worth $1,918,000 after acquiring an additional 100 shares during the period. Finally, Park National Corp OH lifted its position in shares of J M Smucker by 2.2% in the 1st quarter. Park National Corp OH now owns 4,722 shares of the company’s stock worth $550,000 after acquiring an additional 100 shares during the period. Institutional investors own 79.50% of the company’s stock.
In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at approximately $2,498,675.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.92% of the company’s stock.
Several equities analysts recently commented on SJM shares. Zacks Investment Research downgraded J M Smucker from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Guggenheim started coverage on J M Smucker in a research report on Tuesday, January 22nd. They set a “sell” rating and a $85.00 target price for the company. Wells Fargo & Co raised their target price on J M Smucker from $100.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, February 25th. Jefferies Financial Group set a $125.00 target price on J M Smucker and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Citigroup raised their target price on J M Smucker from $122.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.18.
J M Smucker stock opened at $127.39 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $14.43 billion, a P/E ratio of 16.00, a P/E/G ratio of 2.93 and a beta of 0.58. J M Smucker Co has a one year low of $91.32 and a one year high of $128.43.
J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.23. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. J M Smucker’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.50 EPS. On average, equities research analysts forecast that J M Smucker Co will post 8.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.40 annualized dividend and a dividend yield of 2.67%. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.
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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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