Conestoga Capital Advisors LLC raised its position in shares of J M Smucker Co (NYSE:SJM) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,584 shares of the company’s stock after purchasing an additional 690 shares during the period. Conestoga Capital Advisors LLC’s holdings in J M Smucker were worth $694,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Sun Life Financial INC raised its position in shares of J M Smucker by 10,512.5% during the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares in the last quarter. Sit Investment Associates Inc. raised its position in shares of J M Smucker by 234.0% during the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after buying an additional 620 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of J M Smucker during the 3rd quarter worth about $201,000. Well Done LLC bought a new stake in shares of J M Smucker during the 3rd quarter worth about $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new stake in shares of J M Smucker during the 3rd quarter worth about $202,000. 75.32% of the stock is owned by hedge funds and other institutional investors.
Shares of J M Smucker Co (NYSE SJM) opened at $127.38 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $143.68. The company has a market cap of $14,470.00, a P/E ratio of 25.79, a P/E/G ratio of 2.18 and a beta of 0.66.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be issued 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 2.45%. J M Smucker’s payout ratio is currently 63.16%.
In related news, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the sale, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders sold a total of 5,610 shares of company stock worth $698,093 over the last quarter. Insiders own 3.50% of the company’s stock.
A number of analysts have commented on the stock. Credit Suisse Group set a $120.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $141.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Friday, December 8th. Stifel Nicolaus boosted their price target on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Jefferies Group set a $130.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Morgan Stanley set a $112.00 price target on shares of J M Smucker and gave the stock a “sell” rating in a research report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.75.
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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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