Machina Capital S.A.S. Buys New Position in J M Smucker Co (NYSE:SJM)

Machina Capital S.A.S. bought a new stake in shares of J M Smucker Co (NYSE:SJM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,288 shares of the company’s stock, valued at approximately $955,000.

A number of other institutional investors have also recently made changes to their positions in SJM. LSV Asset Management boosted its holdings in J M Smucker by 51.7% during the 1st quarter. LSV Asset Management now owns 3,823,806 shares of the company’s stock valued at $445,473,000 after acquiring an additional 1,303,090 shares during the period. Norges Bank purchased a new position in J M Smucker during the 4th quarter valued at about $93,308,000. Wedge Capital Management L L P NC purchased a new position in J M Smucker during the 1st quarter valued at about $44,078,000. Clark Capital Management Group Inc. purchased a new position in J M Smucker during the 1st quarter valued at about $26,626,000. Finally, Geode Capital Management LLC boosted its holdings in 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. Institutional investors own 77.54% of the company’s stock.

SJM stock traded down $0.35 during mid-day trading on Wednesday, reaching $112.78. The company had a trading volume of 132,138 shares, compared to its average volume of 757,759. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.31. The company has a market cap of $13.03 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 3.33 and a beta of 0.45. The company has a fifty day moving average of $117.68. J M Smucker Co has a fifty-two week low of $91.32 and a fifty-two week high of $128.43.

J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 6th. The company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.11. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. J M Smucker had a return on equity of 11.80% and a net margin of 6.56%. J M Smucker’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 EPS. Sell-side analysts predict that J M Smucker Co will post 8.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.52 dividend on an annualized basis and a yield of 3.12%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85. J M Smucker’s dividend payout ratio (DPR) is currently 41.01%.

A number of equities analysts recently commented on the company. Wells Fargo & Co set a $40.00 target price on Greif and gave the company a “hold” rating in a report on Friday, June 7th. Credit Suisse Group upgraded StoneCo from a “neutral” rating to an “outperform” rating in a report on Monday, July 22nd. Zacks Investment Research cut GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Bank of America set a $120.00 target price on Walmart and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Morgan Stanley set a $156.00 target price on Mongodb and gave the company a “hold” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $115.44.

In other J M Smucker news, insider Mark R. Belgya sold 750 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $84,960.00. Following the sale, the insider now owns 54,942 shares of the company’s stock, valued at approximately $6,223,829.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark T. Smucker sold 2,200 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $113.28, for a total value of $249,216.00. Following the completion of the sale, the chief executive officer now directly owns 140,975 shares in the company, valued at approximately $15,969,648. The disclosure for this sale can be found here. Insiders sold a total of 3,269 shares of company stock worth $372,201 in the last ninety days. 3.70% of the stock is owned by corporate insiders.

J M Smucker Company 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.

Read More: Straddles

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J M Smucker Co (NYSE:SJM).

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

Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.