Cigna Investments Inc. New lowered its stake in shares of J M Smucker Co (NYSE:SJM) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,952 shares of the company’s stock after selling 353 shares during the period. Cigna Investments Inc. New’s holdings in J M Smucker were worth $305,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SJM. 1 North Wealth Services LLC purchased a new position in shares of J M Smucker in the 3rd quarter valued at $28,000. Global Retirement Partners LLC raised its stake in shares of J M Smucker by 87.5% in the 3rd quarter. Global Retirement Partners LLC now owns 255 shares of the company’s stock valued at $28,000 after acquiring an additional 119 shares during the period. Sugarloaf Wealth Management LLC purchased a new position in shares of J M Smucker in the 4th quarter valued at $31,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of J M Smucker in the 3rd quarter valued at $42,000. Finally, Valeo Financial Advisors LLC raised its stake in shares of J M Smucker by 154.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 494 shares of the company’s stock valued at $54,000 after acquiring an additional 300 shares during the period. 78.10% of the stock is currently owned by institutional investors.
In other J M Smucker news, CFO Mark R. Belgya sold 750 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. Following the completion of the transaction, the chief financial officer now directly owns 52,692 shares of the company’s stock, valued at approximately $5,796,120. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill R. Penrose sold 1,098 shares of J M Smucker stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $102.92, for a total transaction of $113,006.16. Following the completion of the transaction, the insider now directly owns 20,708 shares of the company’s stock, valued at $2,131,267.36. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
Shares of SJM stock opened at $107.72 on Friday. The firm has a market cap of $12.53 billion, a P/E ratio of 21.94, a P/E/G ratio of 5.39 and a beta of 0.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.72 and a quick ratio of 0.28. J M Smucker Co has a 1-year low of $99.54 and a 1-year high of $128.43. The firm has a fifty day moving average of $105.41 and a two-hundred day moving average of $107.08.
J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Friday, November 22nd. The company reported $2.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.13. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion. J M Smucker had a net margin of 7.30% and a return on equity of 11.60%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.17 EPS. On average, sell-side analysts expect that J M Smucker Co will post 8.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, February 13th. J M Smucker’s dividend payout ratio is currently 42.46%.
SJM has been the topic of a number of research reports. TheStreet raised shares of J M Smucker from a “c+” rating to a “b-” rating in a research note on Tuesday, February 4th. Deutsche Bank started coverage on shares of J M Smucker in a report on Wednesday, December 11th. They set a “hold” rating and a $108.00 price target for the company. Wells Fargo & Co reaffirmed a “hold” rating on shares of J M Smucker in a report on Monday, December 9th. Credit Suisse Group lowered shares of J M Smucker from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $100.00 to $95.00 in a report on Wednesday, November 13th. Finally, Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating and set a $110.00 price target for the company in a report on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. J M Smucker has an average rating of “Hold” and a consensus price target of $110.60.
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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