Coastline Trust Co raised its position in shares of J M Smucker Co (NYSE:SJM) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,230 shares of the company’s stock after purchasing an additional 175 shares during the period. Coastline Trust Co’s holdings in J M Smucker were worth $236,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Tarbox Family Office Inc. raised its position in shares of J M Smucker by 2.2% during the 1st quarter. Tarbox Family Office Inc. now owns 4,480 shares of the company’s stock worth $497,000 after buying an additional 97 shares in the last quarter. IFP Advisors Inc raised its position in shares of J M Smucker by 8.4% in the 2nd quarter. IFP Advisors Inc now owns 1,271 shares of the company’s stock valued at $132,000 after acquiring an additional 98 shares during the period. Physicians Financial Services Inc. raised its position in shares of J M Smucker by 3.8% in the 1st quarter. Physicians Financial Services Inc. now owns 2,765 shares of the company’s stock valued at $307,000 after acquiring an additional 100 shares during the period. Shell Asset Management Co. raised its position in shares of J M Smucker by 1.5% in the 1st quarter. Shell Asset Management Co. now owns 6,823 shares of the company’s stock valued at $757,000 after acquiring an additional 100 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in shares of J M Smucker by 14.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 770 shares of the company’s stock valued at $81,000 after acquiring an additional 100 shares during the period. 77.89% of the stock is owned by hedge funds and other institutional investors.
NYSE:SJM traded down $0.01 during trading on Friday, reaching $111.89. The company’s stock had a trading volume of 10,754 shares, compared to its average volume of 762,666. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 6.28 and a beta of 0.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.24. The firm has a 50 day moving average of $108.77 and a 200-day moving average of $109.94. J M Smucker Co has a 12 month low of $91.88 and a 12 month high of $125.62.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, June 4th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.29. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.05 billion. J M Smucker had a return on equity of 12.31% and a net margin of 9.99%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.08 EPS. Equities research analysts forecast that J M Smucker Co will post 8.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.88. J M Smucker’s dividend payout ratio (DPR) is presently 41.10%.
In related news, CEO Mark T. Smucker sold 1,500 shares of J M Smucker stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $110.00, for a total value of $165,000.00. Following the completion of the transaction, the chief executive officer now owns 133,779 shares in the company, valued at approximately $14,715,690. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the completion of the transaction, the insider now owns 47,442 shares of the company’s stock, valued at approximately $5,218,620. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,807 shares of company stock valued at $1,178,933. 3.60% of the stock is owned by company insiders.
A number of brokerages recently weighed in on SJM. Jefferies Financial Group reiterated a “hold” rating and issued a $110.00 price target on shares of J M Smucker in a research report on Monday, July 13th. Sanford C. Bernstein downgraded shares of J M Smucker from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $105.00 to $93.00 in a report on Thursday, June 11th. Morgan Stanley downgraded shares of J M Smucker from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $110.00 to $107.00 in a report on Wednesday. Guggenheim dropped their target price on shares of J M Smucker from $98.00 to $96.00 and set a “sell” rating on the stock in a report on Thursday, May 28th. Finally, Stifel Nicolaus raised their target price on shares of J M Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.77.
J M Smucker 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.
Featured Story: The risks of owning bonds
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.