Seizert Capital Partners LLC Has $1.49 Million Position in J M Smucker Co (SJM)

Seizert Capital Partners LLC decreased its position in shares of J M Smucker Co (NYSE:SJM) by 28.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,787 shares of the company’s stock after selling 4,996 shares during the period. Seizert Capital Partners LLC’s holdings in J M Smucker were worth $1,490,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in J M Smucker by 6.7% in the third quarter. Legal & General Group Plc now owns 637,433 shares of the company’s stock valued at $65,399,000 after acquiring an additional 40,093 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of J M Smucker by 2.2% during the third quarter. Vanguard Group Inc now owns 13,334,759 shares of the company’s stock worth $1,368,280,000 after buying an additional 293,331 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of J M Smucker during the fourth quarter worth about $44,000. Diversified Trust Co boosted its stake in shares of J M Smucker by 38.1% during the fourth quarter. Diversified Trust Co now owns 2,842 shares of the company’s stock worth $266,000 after buying an additional 784 shares during the period. Finally, Strs Ohio boosted its stake in shares of J M Smucker by 3.5% during the fourth quarter. Strs Ohio now owns 18,256 shares of the company’s stock worth $1,706,000 after buying an additional 609 shares during the period. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SJM opened at $126.90 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44. The stock has a market capitalization of $14.43 billion, a P/E ratio of 15.94, a PEG ratio of 2.93 and a beta of 0.58. J M Smucker Co has a 52 week low of $91.32 and a 52 week high of $128.38.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.23. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.50 earnings per share. On average, sell-side analysts anticipate that J M Smucker Co will post 8.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a yield of 2.68%. J M Smucker’s payout ratio is currently 42.71%.

Several equities research analysts have recently weighed in on SJM shares. Zacks Investment Research downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Guggenheim started coverage on shares of J M Smucker in a research note on Tuesday, January 22nd. They set a “sell” rating and a $85.00 target price for the company. Jefferies Financial Group set a $125.00 target price on shares of J M Smucker and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Argus started coverage on shares of J M Smucker in a research note on Monday, April 1st. They set a “hold” rating for the company. Finally, Morgan Stanley increased their target price on shares of J M Smucker from $98.00 to $104.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $117.18.

In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $102.86, for a total value of $198,725.52. Following the completion of the sale, the senior vice president now owns 24,292 shares in the company, valued at $2,498,675.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.92% of the stock is owned by company insiders.

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About J M Smucker

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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