Campbell & CO Investment Adviser LLC holds $361,000 worth of stock in The JM Smucker Company (NYSE:SJM)
Campbell & CO Investment Adviser LLC reduced its holdings of shares in The JM Smucker Company (NYSE: SJM – Get a rating) by 47.2% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The company held 2,664 shares of the company after selling 2,386 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in JM Smucker were worth $361,000 at the end of last quarter.
Other hedge funds have also increased or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in JM Smucker during Q4 valued at approximately $926,000. MUFG Americas Holdings Corp increased its position in JM Smucker by 93.0% in the 1st quarter. MUFG Americas Holdings Corp now owns 193 shares of the company worth $26,000 after purchasing 93 additional shares during the period. Shore Point Advisors LLC acquired a new stake in JM Smucker during Q4 valued at approximately $27,000. Herold Advisors Inc. acquired a new position in JM Smucker stock in Q1 worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in JM Smucker stock in Q1 worth approximately $27,000. 83.02% of the shares are currently held by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of brokerages have recently released reports on SJM. Citigroup raised its price target on JM Smucker shares to $137.00 in a Thursday, June 9 research report. Credit Suisse Group set a price target of $140.00 on JM Smucker shares in a research report on Tuesday, July 19. UBS Group raised its price target on JM Smucker shares to $124.00 in a Thursday, June 9 research report. Consumer Edge downgraded JM Smucker shares from an “equal weight” rating to an “underweight” rating in a Thursday, June 16 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on JM Smucker shares from $133.00 to $131.00 in a Wednesday, June 8 research report. Three equity research analysts gave the stock a sell rating, nine issued a hold rating and one issued a buy rating for the company’s stock. Based on data from MarketBeat.com, JM Smucker has a consensus rating of “Hold” and a consensus price target of $133.18.
JM Smucker stock performance
Shares of SJM Stock opened at $133.79 on Monday. The company has a market capitalization of $14.51 billion, a PE ratio of 22.95, a growth price-earnings ratio of 14.00 and a beta of 0.25. The company has a fifty-day simple moving average of $129.93 and a two-hundred-day simple moving average of $133.26. The company has a current ratio of 1.03, a quick ratio of 0.47 and a debt ratio of 0.53. The JM Smucker Company has a 12 month low of $118.55 and a 12 month high of $146.74.
J. M. Smucker (NYSE: SJM – Get a rating) last announced its quarterly results on Tuesday, June 7. The company reported EPS of $2.23 for the quarter, beating consensus analyst estimates of $1.88 by $0.35. The company posted revenue of $2.03 billion in the quarter, versus analyst estimates of $1.98 billion. JM Smucker had a net margin of 7.90% and a return on equity of 11.71%. JM Smucker’s quarterly revenue increased 5.9% year over year. In the same quarter a year earlier, the company posted EPS of $1.89. Analysts expect The JM Smucker Company to post an EPS of 8.06 for the current fiscal year.
JM Smucker increases its dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Friday August 12 will receive a dividend of $1.02 per share. This represents a dividend of $4.08 on an annualized basis and a yield of 3.05%. The ex-date of this dividend is Thursday, August 11. This is a positive change from JM Smucker’s previous quarterly dividend of $0.99. JM Smucker’s payout ratio is 69.98%.
About JM Smucker
The JM Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: US Retail Pet Foods, US Retail Coffee and US Retail Consumer Foods. The company offers roast, ground, single serve and premium coffee; peanut butter and specialty spreads; fruit spreads, shortenings and oils and frozen sandwiches and snacks; pet food and pet snacks; and hot beverages for foodservice, portion control for foodservice and flour products, as well as dog and cat food, frozen hand products, juices and beverages, and mixes and baking ingredients.
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