Homrich & Berg Acquires 766 Shares of J M Smucker Co (NYSE:SJM)

Homrich & Berg boosted its holdings in shares of J M Smucker Co (NYSE:SJM) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,372 shares of the company’s stock after acquiring an additional 766 shares during the period. Homrich & Berg’s holdings in J M Smucker were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of SJM. Dimensional Fund Advisors LP grew its position in shares of J M Smucker by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,792,424 shares of the company’s stock valued at $167,581,000 after acquiring an additional 13,573 shares during the period. Geode Capital Management LLC grew its position in shares of J M Smucker by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 1,582,207 shares of the company’s stock valued at $147,679,000 after acquiring an additional 171,185 shares during the period. Retirement Systems of Alabama grew its position in shares of J M Smucker by 1.0% during the 1st quarter. Retirement Systems of Alabama now owns 52,970 shares of the company’s stock valued at $6,171,000 after acquiring an additional 520 shares during the period. IFM Investors Pty Ltd grew its position in shares of J M Smucker by 13.3% during the 1st quarter. IFM Investors Pty Ltd now owns 7,837 shares of the company’s stock valued at $913,000 after acquiring an additional 918 shares during the period. Finally, CWM LLC grew its position in shares of J M Smucker by 84.8% during the 1st quarter. CWM LLC now owns 2,924 shares of the company’s stock valued at $341,000 after acquiring an additional 1,342 shares during the period. Institutional investors own 78.01% of the company’s stock.

In other J M Smucker news, CEO Mark T. Smucker sold 2,200 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $113.28, for a total value of $249,216.00. Following the sale, the chief executive officer now directly owns 140,975 shares in the company, valued at approximately $15,969,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Stanziano sold 319 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $119.20, for a total transaction of $38,024.80. Following the completion of the sale, the insider now owns 14,857 shares in the company, valued at $1,770,954.40. The disclosure for this sale can be found here. Insiders sold a total of 3,269 shares of company stock worth $372,201 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

SJM traded down $0.47 on Thursday, hitting $112.87. The company’s stock had a trading volume of 9,228 shares, compared to its average volume of 722,355. The company’s 50 day simple moving average is $114.39 and its 200-day simple moving average is $115.57. The firm has a market cap of $13.26 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $128.43. The company has a quick ratio of 0.31, a current ratio of 0.69 and a debt-to-equity ratio of 0.59.

J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, June 6th. The company reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.11. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $1.93 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts predict that J M Smucker Co will post 8.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a $0.88 dividend. The ex-dividend date is Thursday, August 15th. This is a boost from J M Smucker’s previous quarterly dividend of $0.85. This represents a $3.52 annualized dividend and a yield of 3.12%. J M Smucker’s dividend payout ratio is currently 42.46%.

Several research analysts recently commented on the stock. TheStreet downgraded shares of J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Bank of America reaffirmed a “neutral” rating and issued a $107.00 price objective on shares of J M Smucker in a report on Friday, May 17th. Wells Fargo & Co raised their price objective on shares of J M Smucker from $110.00 to $114.00 and gave the stock a “market perform” rating in a report on Friday, June 7th. Finally, Zacks Investment Research downgraded shares of J M Smucker from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. J M Smucker presently has a consensus rating of “Hold” and an average target price of $115.44.

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.

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

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