Homrich & Berg lifted its stake in J M Smucker Co (NYSE:SJM) by 82.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,606 shares of the company’s stock after acquiring an additional 3,899 shares during the quarter. Homrich & Berg’s holdings in J M Smucker were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Resources Investment Advisors Inc. grew its position in shares of J M Smucker by 10,650.0% in the first quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 213 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of J M Smucker in the first quarter valued at about $31,000. Alera Investment Advisors LLC acquired a new stake in shares of J M Smucker in the first quarter valued at about $35,000. Pinnacle Bank acquired a new stake in shares of J M Smucker in the fourth quarter valued at about $39,000. Finally, Bremer Trust National Association acquired a new stake in shares of J M Smucker in the fourth quarter valued at about $51,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

NYSE SJM opened at $123.31 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.31. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $128.43. The stock has a market capitalization of $14.03 billion, a P/E ratio of 14.87, a P/E/G ratio of 3.59 and a beta of 0.53.

J M Smucker (NYSE:SJM) last released its earnings results on Thursday, June 6th. The company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.11. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company earned $1.93 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that J M Smucker Co will post 8.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, May 16th. J M Smucker’s payout ratio is presently 41.01%.

Several brokerages have recently issued reports on SJM. Wells Fargo & Co raised their price target on J M Smucker from $110.00 to $114.00 and gave the company a “market perform” rating in a research report on Friday, June 7th. Morgan Stanley raised their price target on J M Smucker from $117.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, June 7th. Zacks Investment Research downgraded J M Smucker from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Bank of America reaffirmed a “neutral” rating and issued a $107.00 price target on shares of J M Smucker in a research report on Friday, May 17th. Finally, Credit Suisse Group raised J M Smucker from an “underperform” rating to a “neutral” rating and raised their price target for the company from $96.00 to $120.00 in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $116.11.

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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.

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

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