Sentry Investment Management LLC lowered its stake in The J.M. Smucker Company (NYSE:SJM) by 8.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,419 shares of the company’s stock after selling 804 shares during the quarter. Sentry Investment Management LLC’s holdings in The J.M. Smucker were worth $1,044,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Sit Investment Associates Inc. grew its stake in shares of The J.M. Smucker by 234.0% in the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after buying an additional 620 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of The J.M. Smucker in the fourth quarter valued at about $173,000. Ramsay Stattman Vela & Price Inc. acquired a new stake in shares of The J.M. Smucker in the fourth quarter valued at about $200,000. Avestar Capital LLC acquired a new stake in shares of The J.M. Smucker in the fourth quarter valued at about $200,000. Finally, Baker Avenue Asset Management LP acquired a new stake in shares of The J.M. Smucker in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 78.16% of the company’s stock.
SJM has been the subject of a number of recent research reports. Susquehanna Bancshares set a $148.00 target price on The J.M. Smucker and gave the company a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research lowered The J.M. Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Jefferies Group reiterated a “buy” rating and issued a $135.00 target price on shares of The J.M. Smucker in a research note on Thursday, March 22nd. Credit Suisse Group lowered The J.M. Smucker from a “neutral” rating to a “sell” rating and set a $110.00 target price for the company. in a research note on Monday, April 16th. Finally, Deutsche Bank increased their target price on The J.M. Smucker from $130.00 to $134.00 and gave the company a “hold” rating in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $130.69.
Shares of NYSE SJM opened at $112.65 on Tuesday. The J.M. Smucker Company has a fifty-two week low of $99.57 and a fifty-two week high of $134.12. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.45 and a beta of 0.62.
The J.M. Smucker (NYSE:SJM) last issued its earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. The J.M. Smucker had a return on equity of 12.46% and a net margin of 17.16%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 EPS. equities analysts expect that The J.M. Smucker Company will post 8.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be given a $0.78 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.77%. The J.M. Smucker’s payout ratio is 40.41%.
The J.M. Smucker Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, 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.
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