J.M. Smucker Company (The) (NYSE:SJM) Holdings Increased by Martingale Asset Management L P

Martingale Asset Management L P increased its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,327 shares of the company’s stock after buying an additional 10,900 shares during the period. Martingale Asset Management L P owned 0.17% of J.M. Smucker Company (The) worth $22,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in J.M. Smucker Company (The) by 3.7% during the first quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock worth $1,565,560,000 after purchasing an additional 420,604 shares during the period. BlackRock Inc. boosted its position in shares of J.M. Smucker Company (The) by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after acquiring an additional 7,330,233 shares during the period. State Street Corp boosted its position in shares of J.M. Smucker Company (The) by 2.2% in the first quarter. State Street Corp now owns 5,446,418 shares of the company’s stock valued at $713,916,000 after acquiring an additional 115,471 shares during the period. FMR LLC boosted its position in shares of J.M. Smucker Company (The) by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after acquiring an additional 664,514 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of J.M. Smucker Company (The) by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,666,440 shares of the company’s stock valued at $218,438,000 after acquiring an additional 115,604 shares during the period. 73.46% of the stock is owned by hedge funds and other institutional investors.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the completion of the purchase, the insider now owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven Oakland sold 6,047 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the sale, the insider now owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The disclosure for this sale can be found here. In the last three months, insiders purchased 11,250 shares of company stock worth $1,191,453 and sold 16,030 shares worth $1,948,195. Corporate insiders own 3.50% of the company’s stock.

WARNING: This news story was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.truebluetribune.com/2017/09/17/j-m-smucker-company-the-sjm-shares-bought-by-martingale-asset-management-l-p.html.

SJM has been the subject of several recent analyst reports. Citigroup Inc. lowered their target price on J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Stephens downgraded J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Morgan Stanley reaffirmed a “sell” rating and issued a $108.00 price objective (down previously from $114.00) on shares of J.M. Smucker Company (The) in a research note on Friday, August 25th. Zacks Investment Research downgraded J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $120.00 price objective (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Monday, July 3rd. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.73.

Shares of J.M. Smucker Company (NYSE:SJM) traded up 1.59% during midday trading on Friday, hitting $110.22. The stock had a trading volume of 2,234,613 shares. J.M. Smucker Company has a 12 month low of $103.50 and a 12 month high of $143.68. The stock’s 50-day moving average is $114.74 and its 200-day moving average is $124.14. The stock has a market cap of $12.52 billion, a PE ratio of 23.15 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts anticipate that J.M. Smucker Company will post $7.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, August 9th. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s dividend payout ratio is 65.55%.

J.M. Smucker Company (The) 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.

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

Receive News & Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply