Trade Report: The J.M. Smucker Co. (SJM) Position Decreased by Exxonmobil Investment Management Inc. TX

The J.M. Smucker Co. (SJM) Position Decreased by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX cut its stake in shares of J.M. Smucker Co. (NYSE:SJM) by 4.0% during the third quarter, Holdings Channel reports. The institutional investor owned 29,726 shares of the company’s stock after selling 1,253 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in J.M. Smucker were worth $4,029,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kanawha Capital Management LLC boosted its position in J.M. Smucker by 0.4% in the second quarter. Kanawha Capital Management LLC now owns 2,008 shares of the company’s stock worth $306,000 after buying an additional 8 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in shares of J.M. Smucker by 0.5% in the second quarter. Cypress Wealth Advisors LLC now owns 2,072 shares of the company’s stock valued at $316,000 after buying an additional 10 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of J.M. Smucker by 0.4% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,196 shares of the company’s stock valued at $487,000 after buying an additional 12 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of J.M. Smucker by 0.4% in the second quarter. Eqis Capital Management Inc. now owns 4,166 shares of the company’s stock valued at $635,000 after buying an additional 18 shares in the last quarter. Finally, OLD Dominion Capital Management Inc. boosted its stake in shares of J.M. Smucker by 0.4% in the second quarter. OLD Dominion Capital Management Inc. now owns 5,914 shares of the company’s stock valued at $901,000 after buying an additional 21 shares in the last quarter. Institutional investors own 76.15% of the company’s stock.

J.M. Smucker Co. (NYSE:SJM) traded up 0.70% during trading on Friday, reaching $126.46. The company’s stock had a trading volume of 298,181 shares. J.M. Smucker Co. has a 12 month low of $117.36 and a 12 month high of $157.31. The stock has a market cap of $14.72 billion, a PE ratio of 20.62 and a beta of 0.56. The company’s 50-day moving average is $130.12 and its 200-day moving average is $139.57.

J.M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 17th. The company reported $2.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.12. J.M. Smucker had a return on equity of 12.41% and a net margin of 9.63%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm posted $1.62 earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities analysts expect that J.M. Smucker Co. will post $7.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, November 8th. J.M. Smucker’s payout ratio is 48.86%.

SJM has been the subject of several recent research reports. Hilliard Lyons raised J.M. Smucker from an “underperform” rating to a “neutral” rating in a report on Thursday, September 22nd. Credit Suisse Group AG cut J.M. Smucker from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $158.00 to $145.00 in a report on Tuesday, September 27th. JPMorgan Chase & Co. reissued a “focus list” rating on shares of J.M. Smucker in a report on Tuesday, October 4th. Deutsche Bank AG set a $165.00 price objective on J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. Finally, Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $144.60.

J.M. Smucker Company Profile

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. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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