Gamco Investors INC. ET AL Has $23.79 Million Position in The J. M. Smucker Company (NYSE:SJM)

Gamco Investors INC. ET AL grew its holdings in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,517 shares of the company’s stock after acquiring an additional 2,649 shares during the period. Gamco Investors INC. ET AL’s holdings in J. M. Smucker were worth $23,785,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in J. M. Smucker by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after acquiring an additional 162,944 shares during the period. BlackRock Inc. grew its stake in shares of J. M. Smucker by 6.3% in the 2nd quarter. BlackRock Inc. now owns 10,001,040 shares of the company’s stock valued at $1,476,854,000 after buying an additional 593,263 shares during the period. Geode Capital Management LLC grew its stake in shares of J. M. Smucker by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,358,087 shares of the company’s stock valued at $347,342,000 after buying an additional 73,553 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of J. M. Smucker by 85,116.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock valued at $333,130,000 after buying an additional 2,099,830 shares during the period. Finally, Invesco Ltd. grew its stake in shares of J. M. Smucker by 8.3% in the 1st quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock valued at $246,525,000 after buying an additional 139,158 shares during the period. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on SJM. Sanford C. Bernstein upgraded J. M. Smucker from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $123.00 to $119.00 in a research note on Tuesday, November 14th. TD Cowen raised their price target on shares of J. M. Smucker from $133.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $122.00 price target on shares of J. M. Smucker in a research report on Wednesday, December 6th. Finally, Stifel Nicolaus raised their price target on shares of J. M. Smucker from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $138.07.

View Our Latest Stock Analysis on SJM

J. M. Smucker Trading Down 2.6 %

NYSE:SJM opened at $129.21 on Tuesday. The company has a current ratio of 3.20, a quick ratio of 2.61 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $13.71 billion, a PE ratio of -2,153.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.24. The firm’s 50 day moving average is $125.49 and its 200 day moving average is $127.31. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92.

J. M. Smucker (NYSE:SJMGet Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. J. M. Smucker had a negative net margin of 0.17% and a positive return on equity of 13.57%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $2.40 EPS. J. M. Smucker’s revenue was down 12.1% compared to the same quarter last year. Sell-side analysts expect that The J. M. Smucker Company will post 9.52 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 16th will be paid a $1.06 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a yield of 3.28%. J. M. Smucker’s dividend payout ratio is -7,066.67%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin acquired 1,000 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of $125.05 per share, for a total transaction of $125,050.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $125,050. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Tarang Amin purchased 1,000 shares of J. M. Smucker stock in a transaction dated Wednesday, December 13th. The stock was purchased at an average cost of $125.05 per share, for a total transaction of $125,050.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $125,050. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 1,500 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $124.53, for a total transaction of $186,795.00. Following the transaction, the chief financial officer now owns 10,126 shares of the company’s stock, valued at $1,260,990.78. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

About J. M. Smucker

(Free Report)

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, toppings, and syrups; jelly products; nut mix products; shortening and oils; 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.

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

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