J M Smucker Co (SJM) Holdings Boosted by D.A. Davidson & CO.
D.A. Davidson & CO. grew its position in J M Smucker Co (NYSE:SJM) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,906 shares of the company’s stock after purchasing an additional 3,034 shares during the quarter. D.A. Davidson & CO.’s holdings in J M Smucker were worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its position in shares of J M Smucker by 234.0% in 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. Independence Bank of Kentucky bought a new position in shares of J M Smucker in the fourth quarter worth approximately $173,000. Ramsay Stattman Vela & Price Inc. bought a new position in shares of J M Smucker in the fourth quarter worth approximately $200,000. Flagship Harbor Advisors LLC bought a new position in shares of J M Smucker in the third quarter worth approximately $201,000. Finally, Well Done LLC bought a new position in shares of J M Smucker in the third quarter worth approximately $201,000. Institutional investors and hedge funds own 76.10% of the company’s stock.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction on Thursday, December 28th. The shares were 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 owns 23,452 shares in the company, valued at $2,916,490.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Insiders have sold 5,610 shares of company stock valued at $698,093 in the last quarter. 3.50% of the stock is owned by company insiders.
J M Smucker (NYSE:SJM) last issued its earnings results on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.34. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. J M Smucker’s revenue for the quarter was up 1.3% on a year-over-year basis. analysts expect that J M Smucker Co will post 8.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be given a dividend of $0.78 per share. The ex-dividend date is Thursday, February 8th. This represents a $3.12 annualized dividend and a yield of 2.51%. J M Smucker’s dividend payout ratio (DPR) is currently 28.08%.
A number of equities analysts have weighed in on the stock. Jefferies Group reiterated a “buy” rating and issued a $135.00 price target on shares of J M Smucker in a research report on Friday. Susquehanna Bancshares set a $148.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Monday, February 12th. 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. Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Stifel Nicolaus upped 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $127.58.
About J M Smucker
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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