Capital Management Associates NY Has $354,000 Position in J.M. Smucker Company (The) (SJM)

Capital Management Associates NY maintained its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,700 shares of the company’s stock at the end of the first quarter. Capital Management Associates NY’s holdings in J.M. Smucker Company (The) were worth $354,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rothschild Asset Management Inc. raised its stake in shares of J.M. Smucker Company (The) by 48.5% in the third quarter. Rothschild Asset Management Inc. now owns 4,566 shares of the company’s stock valued at $619,000 after buying an additional 1,491 shares during the period. APG Asset Management N.V. raised its stake in shares of J.M. Smucker Company (The) by 170.9% in the third quarter. APG Asset Management N.V. now owns 465,428 shares of the company’s stock valued at $63,084,000 after buying an additional 293,600 shares during the period. Advisors Asset Management Inc. raised its stake in shares of J.M. Smucker Company (The) by 11.8% in the third quarter. Advisors Asset Management Inc. now owns 26,927 shares of the company’s stock valued at $3,650,000 after buying an additional 2,842 shares during the period. Strategy Asset Managers LLC acquired a new stake in shares of J.M. Smucker Company (The) during the third quarter valued at about $2,162,000. Finally, Huntington National Bank raised its stake in shares of J.M. Smucker Company (The) by 33.1% in the third quarter. Huntington National Bank now owns 87,430 shares of the company’s stock valued at $11,851,000 after buying an additional 21,738 shares during the period. Hedge funds and other institutional investors own 73.76% of the company’s stock.

Institutional Ownership by Quarter for J.M. Smucker Company (The) (NYSE:SJM)

J.M. Smucker Company (SJM) traded down 1.91% during trading on Friday, hitting $124.72. 1,415,958 shares of the stock traded hands. J.M. Smucker Company has a 52-week low of $122.05 and a 52-week high of $157.31. The stock has a market cap of $14.25 billion, a P/E ratio of 24.45 and a beta of 0.58. The stock has a 50 day moving average price of $127.03 and a 200-day moving average price of $131.37.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts anticipate that J.M. Smucker Company will post $7.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were paid a $0.75 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $3.00 dividend on an annualized basis and a yield of 2.41%. J.M. Smucker Company (The)’s dividend payout ratio is currently 58.82%.

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Several brokerages recently issued reports on SJM. Susquehanna Bancshares Inc restated a “neutral” rating and set a $128.00 target price (down from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Credit Suisse Group restated a “hold” rating and set a $126.00 target price on shares of J.M. Smucker Company (The) in a research report on Thursday, June 1st. Jefferies Group LLC restated a “hold” rating and set a $130.00 target price on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Citigroup Inc. cut their target price on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Finally, Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $134.20.

About J.M. Smucker Company (The)

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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