J.M. Smucker Co. (SJM) Shares Sold by US Bancorp DE
US Bancorp DE decreased its position in J.M. Smucker Co. (NYSE:SJM) by 6.9% during the third quarter, Holdings Channel reports. The fund owned 71,264 shares of the company’s stock after selling 5,307 shares during the period. US Bancorp DE’s holdings in J.M. Smucker were worth $9,659,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in J.M. Smucker by 3.4% in the second quarter. Vanguard Group Inc. now owns 11,223,633 shares of the company’s stock worth $1,710,593,000 after buying an additional 366,506 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in J.M. Smucker by 104.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,532,054 shares of the company’s stock worth $538,319,000 after buying an additional 1,806,455 shares during the last quarter. Fundsmith LLP increased its stake in J.M. Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock worth $525,935,000 after buying an additional 1,399,810 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in J.M. Smucker by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,184,842 shares of the company’s stock worth $485,402,000 after buying an additional 29,033 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in J.M. Smucker by 3.8% in the second quarter. BlackRock Fund Advisors now owns 2,057,024 shares of the company’s stock worth $313,511,000 after buying an additional 75,876 shares during the last quarter. Institutional investors own 74.90% of the company’s stock.
J.M. Smucker Co. (NYSE:SJM) traded down 0.20% on Wednesday, hitting $127.01. The stock had a trading volume of 481,225 shares. J.M. Smucker Co. has a 52 week low of $117.36 and a 52 week high of $157.31. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 20.71 and a beta of 0.56. The company has a 50-day moving average price of $129.95 and a 200-day moving average price of $139.67.
J.M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 17th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.12. J.M. Smucker had a net margin of 9.63% and a return on equity of 12.41%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the company posted $1.62 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. Equities research analysts anticipate that J.M. Smucker Co. will post $7.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, November 8th. J.M. Smucker’s dividend payout ratio is currently 48.86%.
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A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded J.M. Smucker from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Credit Suisse Group AG reiterated a “buy” rating and issued a $158.00 price objective on shares of J.M. Smucker in a report on Wednesday, August 24th. Morgan Stanley reiterated a “hold” rating and issued a $142.00 price objective on shares of J.M. Smucker in a report on Wednesday, August 24th. Susquehanna reiterated a “hold” rating and issued a $139.00 price objective on shares of J.M. Smucker in a report on Tuesday, September 6th. Finally, Deutsche Bank AG set a $165.00 price objective on J.M. Smucker and gave the company a “buy” rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $144.60.
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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