Mutual of Omaha Bank Wealth Management purchased a new stake in shares of J M Smucker Co (NYSE:SJM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,652 shares of the company’s stock, valued at approximately $205,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Toronto Dominion Bank grew its holdings in J M Smucker by 25.5% during the second quarter. Toronto Dominion Bank now owns 39,460 shares of the company’s stock valued at $4,667,000 after purchasing an additional 8,023 shares during the period. Griffin Asset Management Inc. bought a new position in J M Smucker during the second quarter valued at $937,000. Intl Fcstone Inc. bought a new position in J M Smucker during the second quarter valued at $1,206,000. Curbstone Financial Management Corp grew its holdings in J M Smucker by 115.5% during the third quarter. Curbstone Financial Management Corp now owns 13,450 shares of the company’s stock valued at $1,411,000 after purchasing an additional 7,210 shares during the period. Finally, Eqis Capital Management Inc. grew its holdings in J M Smucker by 78.3% during the third quarter. Eqis Capital Management Inc. now owns 15,968 shares of the company’s stock valued at $1,675,000 after purchasing an additional 7,010 shares during the period. 76.10% of the stock is owned by institutional investors.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the sale, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Insiders sold 5,610 shares of company stock worth $698,093 in the last quarter. 3.50% of the stock is currently owned by company insiders.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $2.05 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. research analysts anticipate that J M Smucker Co will post 7.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be given a $0.78 dividend. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.58%. J M Smucker’s dividend payout ratio (DPR) is presently 63.03%.
Several brokerages have weighed in on SJM. Susquehanna Bancshares set a $148.00 price objective on J M Smucker and gave the company a “buy” rating in a report on Monday. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the company a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price objective on J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Jefferies Group set a $135.00 price objective on J M Smucker and gave the company a “buy” rating in a report on Saturday, November 18th. Finally, Stifel Nicolaus increased their price objective on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $127.58.
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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