J M Smucker Co (SJM) Shares Sold by Wellington Shields Capital Management LLC
Wellington Shields Capital Management LLC decreased its holdings in shares of J M Smucker Co (NYSE:SJM) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 44,544 shares of the company’s stock after selling 1,347 shares during the period. J M Smucker accounts for approximately 0.9% of Wellington Shields Capital Management LLC’s holdings, making the stock its 16th biggest holding. Wellington Shields Capital Management LLC’s holdings in J M Smucker were worth $5,534,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of SJM. Sit Investment Associates Inc. lifted its holdings in shares of J M Smucker by 234.0% during the fourth quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock worth $110,000 after purchasing an additional 620 shares during the period. Ramsay Stattman Vela & Price Inc. acquired a new stake in shares of J M Smucker during the fourth quarter worth about $200,000. Flagship Harbor Advisors LLC acquired a new stake in shares of J M Smucker during the third quarter worth about $201,000. Well Done LLC acquired a new stake in shares of J M Smucker during the third quarter worth about $201,000. Finally, Stokes & Hubbell Capital Management LLC acquired a new stake in shares of J M Smucker during the third quarter worth about $202,000. Institutional investors and hedge funds own 75.48% of the company’s stock.
J M Smucker Co (SJM) opened at $119.83 on Thursday. J M Smucker Co has a twelve month low of $99.57 and a twelve month high of $143.68. The stock has a market capitalization of $13,622.62, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 8th. J M Smucker’s payout ratio is presently 63.03%.
SJM has been the subject of a number of research reports. Jefferies Group set a $130.00 target price on J M Smucker and gave the stock a “buy” rating in a report on Monday, October 30th. Susquehanna Bancshares set a $150.00 target price on J M Smucker and gave the stock a “buy” rating in a report on Thursday, January 4th. Wells Fargo & Co set a $128.00 target price on J M Smucker and gave the stock a “hold” rating in a report on Thursday, January 4th. Stifel Nicolaus lifted their target price on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $127.83.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, 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 transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Insiders sold 5,610 shares of company stock valued at $698,093 over the last three months. 3.50% of the stock is currently owned by corporate insiders.
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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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