JM Smucker Company (The) (NYSE:SJM) Earns Media Impact Score of 0.19
- Thibaud Bourcier
BTIM Corp. purchased a new stake in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the company's stock at the end of the second quarter. MA's holdings in J.M. Smucker Company (The) were worth $687,000 at the end of the most recent quarter. BlackRock Inc. increased its stake in J.M. Smucker Company (The) by 2,899.4% in the first quarter. Nexus Investment Management held roughly 0.12% of J.M. Smucker Company (The) valued $15,513,000 as of its latest disclosure with the securities and exchange commission.
J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings data on Thursday, June 8th. Gateway Investment Advisers LLC now owns 7,168 shares of the company's stock worth $848,000 after buying an additional 26 shares during the period. Boston Advisors LLC increased its stake in J.M. Smucker Company (The) by 2.9% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company's stock valued at $373,000 after buying an additional 11 shares during the last quarter. Marianas Fund Mgmt holds 1.38% of its portfolio in J M Smucker Co (NYSE:SJM) for 42,900 shares. State Street has an ownership of 5,446,418 company stock worth at $713,916,000 after scooping up an extra 115,471 shares through out the quarter.
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.
J.M. Smucker Company (NYSE:SJM) traded up 0.46% during mid-day trading on Friday, hitting $122.28. Raymond James Financial Services Advisors Inc acquired 10,347 shares as Smucker J M Co (SJM)'s stock declined 7.31%. The firm's 50 day moving average is $119.21 and its 200-day moving average is $128.65. The firm has a market capitalization of $13.87 billion, a PE ratio of 23.98 and a beta of 0.62. Zacks Investment Research lowered J.M. Smucker Company (The) from a "hold" rating to a "sell" rating in a research report on Monday, May 8th. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.72 by $0.08. After $1.80 actual earnings per share reported by J M Smucker Co for the previous quarter, Wall Street now forecasts -7.22% negative EPS growth.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. This is a positive change from J.M. Smucker Company (The)'s previous quarterly dividend of $0.75. The ex-dividend date will be Wednesday the 9th of August 2017. J.M. Smucker Company (The)'s payout ratio is presently 61.18%.
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A number of research firms have recently issued reports on SJM. J.M. Smucker Company (The) has a consensus rating of "Hold" and an average target price of $132.82. Stephens lowered 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. They noted that the move was a valuation call. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a "hold" rating to a "buy" rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Friday, July 28th. Citigroup Inc. cut their target price on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a "buy" rating for the company in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. J.M. Smucker Company (The) now has a consensus rating of "Hold" and an average price target of $132.82.
In other news, insider Steven Oakland sold 6,047 shares of the firm's stock in a transaction dated Thursday, June 22nd. The stock was bought at an average cost of $120.61 per share, for a total transaction of $30,152.50. Following the completion of the sale, the insider now directly owns 47,667 shares in the company, valued at approximately $5,815,374. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jill R. Penrose sold 550 shares of the company's stock in a transaction on Wednesday, June 28th. The stock was purchased at an average price of $120.61 per share, with a total value of $30,152.50. Insiders sold a total of 16,030 shares of company stock valued at $1,948,195 over the last quarter.
Since February 24, 2017, it had 1 insider purchase, and 1 insider sale for $301,725 activity. Gulf International Bank UK Ltd now owns 35,796 shares of the company's stock worth $4,692,000 after buying an additional 940 shares during the last quarter.
The Company's US retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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