Cerity Partners LLC Buys Shares of 2,545 The J. M. Smucker Company (NYSE:SJM)

Cerity Partners LLC bought a new stake in shares of The J. M. Smucker Company (NYSE:SJMGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,545 shares of the company’s stock, valued at approximately $326,000.

A number of other hedge funds have also made changes to their positions in the company. MUFG Americas Holdings Corp grew its position in shares of J. M. Smucker by 93.0% in the first quarter. MUFG Americas Holdings Corp now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of J. M. Smucker by 63.9% in the second quarter. Jones Financial Companies Lllp now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 78 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of J. M. Smucker in the first quarter valued at approximately $27,000. Herold Advisors Inc. purchased a new stake in shares of J. M. Smucker in the first quarter valued at approximately $27,000. Finally, MCF Advisors LLC purchased a new stake in shares of J. M. Smucker in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 79.56% of the company’s stock.

Insider Activity

In other news, insider Jill R. Penrose sold 4,543 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $140.83, for a total value of $639,790.69. Following the sale, the insider now directly owns 9,106 shares in the company, valued at $1,282,397.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other J. M. Smucker news, insider Jill R. Penrose sold 4,543 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $140.83, for a total value of $639,790.69. Following the sale, the insider now directly owns 9,106 shares in the company, valued at $1,282,397.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amy C. Held sold 8,701 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $143.39, for a total value of $1,247,636.39. Following the completion of the sale, the insider now owns 3,916 shares in the company, valued at $561,515.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,019 shares of company stock worth $8,995,996. Corporate insiders own 3.70% of the company’s stock.

J. M. Smucker Trading Up 1.1 %

SJM opened at $146.14 on Monday. The J. M. Smucker Company has a 52 week low of $119.82 and a 52 week high of $152.16. The business has a fifty day simple moving average of $142.88 and a 200-day simple moving average of $136.33. The firm has a market cap of $15.57 billion, a P/E ratio of 26.86, a P/E/G ratio of 6.17 and a beta of 0.25. The company has a quick ratio of 0.45, a current ratio of 1.05 and a debt-to-equity ratio of 0.53.

J. M. Smucker (NYSE:SJMGet Rating) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.25 by $0.42. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. J. M. Smucker had a return on equity of 11.38% and a net margin of 7.33%. During the same period last year, the business posted $1.90 earnings per share. On average, equities analysts expect that The J. M. Smucker Company will post 8.55 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, November 9th. J. M. Smucker’s payout ratio is currently 75.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on J. M. Smucker from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, November 14th. UBS Group increased their price objective on J. M. Smucker from $122.00 to $127.00 and gave the stock a “sell” rating in a research report on Wednesday, August 24th. StockNews.com assumed coverage on J. M. Smucker in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group increased their price objective on J. M. Smucker from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Monday, October 10th. Finally, BNP Paribas assumed coverage on J. M. Smucker in a research report on Tuesday, November 15th. They issued an “underperform” rating and a $138.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $139.55.

J. M. Smucker Company Profile

(Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

See Also

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

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