United Capital Financial Advisers LLC lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,726 shares of the company’s stock after selling 1,114 shares during the quarter. United Capital Financial Advisers LLC’s holdings in The J. M. Smucker were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Private Capital Group LLC bought a new position in shares of The J. M. Smucker during the 4th quarter worth $27,000. Addison Advisors LLC bought a new position in The J. M. Smucker in the 4th quarter worth about $35,000. Freedman Financial Associates Inc. bought a new position in The J. M. Smucker in the 4th quarter worth about $35,000. Diversified LLC bought a new position in The J. M. Smucker in the 4th quarter worth about $36,000. Finally, Key Financial Inc bought a new position in The J. M. Smucker in the 4th quarter worth about $37,000. Institutional investors own 81.46% of the company’s stock.
Several research analysts have commented on SJM shares. JPMorgan Chase & Co. cut their target price on The J. M. Smucker from $122.00 to $115.00 in a research note on Tuesday, January 19th. Citigroup began coverage on The J. M. Smucker in a report on Wednesday, January 20th. They issued a “neutral” rating and a $123.00 price target on the stock. Zacks Investment Research raised The J. M. Smucker from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Monday, February 15th. Finally, Credit Suisse Group raised their price objective on The J. M. Smucker from $120.00 to $123.00 and gave the company a “neutral” rating in a report on Monday, March 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The J. M. Smucker has a consensus rating of “Hold” and an average target price of $116.67.
SJM opened at $127.85 on Thursday. The stock’s 50 day simple moving average is $120.84 and its 200 day simple moving average is $117.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.77 and a quick ratio of 0.40. The J. M. Smucker Company has a 1 year low of $101.89 and a 1 year high of $132.38. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 16.56 and a beta of 0.26.
The J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 25th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The J. M. Smucker had a return on equity of 13.31% and a net margin of 10.92%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 8.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Stockholders of record on Friday, February 12th were given a $0.90 dividend. The ex-dividend date was Thursday, February 11th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.82%. The J. M. Smucker’s dividend payout ratio is currently 41.10%.
About The J. M. Smucker
The J. M. Smucker Company manufactures and markets food and beverage products worldwide. It operates in four segments: U.S. Retail Pet Foods, U.S. Retail Coffee, U.S. Retail Consumer Foods, and International and Away From Home. The company offers pet food and snacks; mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, portion control products, juices and beverages, and baking mixes and ingredients.
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