Fuller & Thaler Asset Management Inc. increased its position in shares of The J. M. Smucker Company (NYSE:SJM – Get Rating) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,615 shares of the company’s stock after purchasing an additional 600 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in J. M. Smucker were worth $1,170,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Gemmer Asset Management LLC raised its position in shares of J. M. Smucker by 70.2% during the 4th quarter. Gemmer Asset Management LLC now owns 194 shares of the company’s stock valued at $26,000 after purchasing an additional 80 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of J. M. Smucker by 254.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 209 shares of the company’s stock valued at $28,000 after purchasing an additional 150 shares during the period. Concord Wealth Partners raised its position in shares of J. M. Smucker by 7,933.3% during the 4th quarter. Concord Wealth Partners now owns 241 shares of the company’s stock valued at $33,000 after purchasing an additional 238 shares during the period. FSB Premier Wealth Management Inc. bought a new stake in J. M. Smucker in the 4th quarter valued at $37,000. Finally, HM Payson & Co. increased its holdings in J. M. Smucker by 27.1% in the 3rd quarter. HM Payson & Co. now owns 366 shares of the company’s stock valued at $44,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.
A number of analysts have issued reports on the stock. William Blair reiterated a “market perform” rating on shares of J. M. Smucker in a report on Tuesday, March 1st. StockNews.com assumed coverage on shares of J. M. Smucker in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup reduced their price target on shares of J. M. Smucker from $138.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, March 2nd. The Goldman Sachs Group lifted their price target on shares of J. M. Smucker from $107.00 to $111.00 in a report on Thursday, February 17th. Finally, UBS Group began coverage on shares of J. M. Smucker in a report on Wednesday, March 30th. They issued a “sell” rating and a $123.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $132.77.
J. M. Smucker (NYSE:SJM – Get Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.25. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.04 billion. J. M. Smucker had a net margin of 7.31% and a return on equity of 11.30%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 EPS. Research analysts expect that The J. M. Smucker Company will post 8.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.96 annualized dividend and a yield of 2.73%. J. M. Smucker’s dividend payout ratio (DPR) is 74.58%.
About J. M. Smucker (Get Rating)
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; 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 ingredient.
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