Royal Fund Management LLC acquired a new position in J M Smucker Co (NYSE:SJM) in the 1st quarter, HoldingsChannel reports. The fund acquired 510 shares of the company’s stock, valued at approximately $56,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in J M Smucker during the 4th quarter worth about $112,490,000. Stifel Financial Corp boosted its position in shares of J M Smucker by 79.4% during the 4th quarter. Stifel Financial Corp now owns 1,515,047 shares of the company’s stock valued at $157,358,000 after purchasing an additional 670,499 shares in the last quarter. State Street Corp boosted its position in shares of J M Smucker by 5.0% during the 4th quarter. State Street Corp now owns 8,260,167 shares of the company’s stock valued at $860,131,000 after purchasing an additional 389,917 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of J M Smucker by 84.6% during the 4th quarter. AQR Capital Management LLC now owns 725,471 shares of the company’s stock valued at $75,108,000 after purchasing an additional 332,504 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its position in shares of J M Smucker by 21.1% during the 4th quarter. Champlain Investment Partners LLC now owns 1,880,100 shares of the company’s stock valued at $195,775,000 after purchasing an additional 327,445 shares in the last quarter. 78.67% of the stock is owned by institutional investors and hedge funds.
Shares of J M Smucker stock opened at $108.56 on Friday. The company has a market cap of $12.30 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 5.87 and a beta of 0.16. J M Smucker Co has a 52 week low of $91.88 and a 52 week high of $127.91. The business has a 50 day moving average price of $115.27 and a 200-day moving average price of $108.34. The company has a quick ratio of 0.31, a current ratio of 0.77 and a debt-to-equity ratio of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, May 14th. J M Smucker’s dividend payout ratio (DPR) is presently 42.46%.
Several equities research analysts recently commented on the company. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Jefferies Financial Group restated a “hold” rating and set a $109.00 target price on shares of J M Smucker in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on J M Smucker from $108.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Sanford C. Bernstein upgraded J M Smucker from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $92.00 to $115.00 in a report on Wednesday, March 18th. Finally, Barclays reiterated a “hold” rating and issued a $112.00 price target on shares of J M Smucker in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $114.69.
In other news, CFO Mark R. Belgya sold 750 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $117.12, for a total value of $87,840.00. Following the completion of the sale, the chief financial officer now directly owns 48,192 shares of the company’s stock, valued at $5,644,247.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.
J M Smucker 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.
Featured Article: What are no-load funds?
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).
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.