Thompson Investment Management Inc. Increases Stake in J M Smucker Co (NYSE:SJM)
Thompson Investment Management Inc. raised its stake in shares of J M Smucker Co (NYSE:SJM) by 4.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 28,687 shares of the company’s stock after acquiring an additional 1,255 shares during the period. Thompson Investment Management Inc.’s holdings in J M Smucker were worth $3,156,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 1 North Wealth Services LLC purchased a new stake in J M Smucker during the 3rd quarter valued at approximately $28,000. Guinness Asset Management Ltd grew its holdings in J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after buying an additional 89 shares in the last quarter. Whitener Capital Management Inc. grew its holdings in J M Smucker by 52.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in J M Smucker during the 2nd quarter valued at approximately $37,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in J M Smucker during the 3rd quarter valued at approximately $42,000. 77.32% of the stock is owned by institutional investors and hedge funds.
Shares of SJM stock traded down $0.86 on Friday, reaching $106.27. The company’s stock had a trading volume of 568,355 shares, compared to its average volume of 913,578. The stock’s fifty day simple moving average is $107.52 and its 200-day simple moving average is $114.90. J M Smucker Co has a 1 year low of $91.32 and a 1 year high of $128.43. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 3.46 and a beta of 0.41.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, November 14th. J M Smucker’s dividend payout ratio (DPR) is presently 42.46%.
SJM has been the subject of a number of research analyst reports. Bank of America cut their price objective on shares of J M Smucker from $128.00 to $122.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Credit Suisse Group cut their target price on shares of J M Smucker from $120.00 to $114.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. ValuEngine raised shares of J M Smucker from a “strong sell” rating to a “sell” rating in a report on Thursday, October 10th. Guggenheim cut their target price on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a report on Wednesday, August 28th. Finally, TheStreet lowered shares of J M Smucker from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. J M Smucker has a consensus rating of “Hold” and an average price target of $116.70.
In other J M Smucker news, SVP Kevin G. Jackson sold 487 shares of J M Smucker stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $108.70, for a total transaction of $52,936.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Geoff E. Tanner acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost of $103.42 per share, with a total value of $103,420.00. Following the completion of the purchase, the senior vice president now directly owns 14,063 shares of the company’s stock, valued at $1,454,395.46. The disclosure for this purchase can be found here. Insiders have sold 1,987 shares of company stock valued at $220,599 over the last ninety days. 3.70% of the stock is owned by insiders.
About J M Smucker
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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