Fmr LLC Decreases Stake in J M Smucker Co (SJM)

FMR LLC trimmed its position in shares of J M Smucker Co (NYSE:SJM) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,770,104 shares of the company’s stock after selling 1,408,002 shares during the quarter. FMR LLC owned about 4.19% of J M Smucker worth $445,958,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in J M Smucker by 12,668.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock worth $57,000 after buying an additional 5,309,548 shares during the last quarter. Bank of America Corp DE grew its stake in shares of J M Smucker by 312.2% during the 4th quarter. Bank of America Corp DE now owns 4,351,714 shares of the company’s stock worth $406,843,000 after purchasing an additional 3,295,923 shares during the period. BlackRock Inc. grew its stake in shares of J M Smucker by 7.4% during the 4th quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock worth $957,309,000 after purchasing an additional 708,976 shares during the period. Morgan Stanley grew its stake in shares of J M Smucker by 100.2% during the 3rd quarter. Morgan Stanley now owns 842,732 shares of the company’s stock worth $86,473,000 after purchasing an additional 421,792 shares during the period. Finally, Unigestion Holding SA grew its stake in shares of J M Smucker by 186.5% during the 4th quarter. Unigestion Holding SA now owns 646,894 shares of the company’s stock worth $60,478,000 after purchasing an additional 421,135 shares during the period. 77.98% of the stock is owned by institutional investors and hedge funds.

NYSE SJM traded up $0.64 during trading on Wednesday, hitting $122.36. The stock had a trading volume of 577,563 shares, compared to its average volume of 1,099,398. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $122.85. The company has a market cap of $13.72 billion, a P/E ratio of 15.37, a P/E/G ratio of 2.53 and a beta of 0.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, topping the Zacks’ 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%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 earnings per share. On average, analysts anticipate that J M Smucker Co will post 8.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, May 16th. J M Smucker’s dividend payout ratio (DPR) is 42.71%.

In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the completion of the transaction, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at $2,498,675.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.92% of the company’s stock.

A number of equities research analysts have recently commented on SJM shares. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a research note on Monday, December 31st. Citigroup lifted their price target on shares of J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. ValuEngine lowered J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Wells Fargo & Co raised their price objective on J M Smucker from $100.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, February 25th. Finally, Credit Suisse Group lifted their price target on J M Smucker from $94.00 to $96.00 and gave the stock an “underperform” rating in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $116.09.

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J M Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and 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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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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