J M Smucker (NYSE:SJM) posted its quarterly earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.16 by $0.34, Bloomberg Earnings reports. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 EPS. J M Smucker updated its FY18 guidance to $8.20-8.30 EPS.
J M Smucker (SJM) opened at $130.31 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. J M Smucker has a 12 month low of $99.57 and a 12 month high of $140.04. The company has a market cap of $14,860.00, a P/E ratio of 7.29, a PEG ratio of 2.00 and a beta of 0.62.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, February 8th. J M Smucker’s payout ratio is 17.45%.
SJM has been the subject of several recent analyst reports. Credit Suisse Group set a $110.00 price objective on shares of J M Smucker and gave the stock a “hold” rating in a research note on Friday, November 17th. Susquehanna Bancshares set a $148.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a report on Monday, February 12th. Zacks Investment Research downgraded shares of J M Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Jefferies Group set a $135.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. J M Smucker has a consensus rating of “Hold” and an average target price of $129.43.
In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total value of $198,976.00. Following the sale, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. In the last three months, insiders sold 5,610 shares of company stock valued at $698,093. Insiders own 3.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its holdings in shares of J M Smucker by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 39,460 shares of the company’s stock valued at $4,667,000 after acquiring an additional 8,023 shares during the period. Griffin Asset Management Inc. purchased a new position in J M Smucker in the 2nd quarter valued at $937,000. Intl Fcstone Inc. purchased a new position in J M Smucker in the 2nd quarter valued at $1,206,000. Eqis Capital Management Inc. grew its position in J M Smucker by 78.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 15,968 shares of the company’s stock valued at $1,675,000 after buying an additional 7,010 shares during the last quarter. Finally, Stokes & Hubbell Capital Management LLC purchased a new position in J M Smucker in the 3rd quarter valued at $202,000. 77.65% of the stock is currently owned by institutional investors.
J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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