Oregon Public Employees Retirement Fund increased its position in J.M. Smucker Co. (NYSE:SJM) by 49.2% during the third quarter, Holdings Channel reports. The institutional investor owned 32,550 shares of the company’s stock after buying an additional 10,733 shares during the period. Oregon Public Employees Retirement Fund’s holdings in J.M. Smucker were worth $4,412,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in SJM. Carroll Financial Associates Inc. increased its stake in J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock worth $103,000 after buying an additional 95 shares in the last quarter. City Holding Co. acquired a new stake in shares of J.M. Smucker during the second quarter valued at about $110,000. PineBridge Investments L.P. acquired a new stake in shares of J.M. Smucker during the second quarter valued at about $134,000. Point72 Asia Hong Kong Ltd increased its stake in shares of J.M. Smucker by 400.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,000 shares of the company’s stock valued at $152,000 after buying an additional 800 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of J.M. Smucker during the second quarter valued at about $202,000. 76.15% of the stock is currently owned by hedge funds and other institutional investors.
J.M. Smucker Co. (NYSE:SJM) traded up 0.70% during midday trading on Friday, hitting $126.46. 298,181 shares of the stock traded hands. J.M. Smucker Co. has a 1-year low of $117.36 and a 1-year high of $157.31. The firm has a market cap of $14.72 billion, a P/E ratio of 20.62 and a beta of 0.56. The company has a 50-day moving average price of $130.12 and a 200-day moving average price of $139.57.
J.M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 17th. The company reported $2.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.12. J.M. Smucker had a net margin of 9.63% and a return on equity of 12.41%. The company earned $1.91 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.62 EPS. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts predict that J.M. Smucker Co. will post $7.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.37%. J.M. Smucker’s dividend payout ratio (DPR) is 48.86%.
Several analysts have issued reports on SJM shares. Citigroup Inc. reaffirmed a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of J.M. Smucker in a report on Tuesday, October 4th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $162.00 price target (up previously from $150.00) on shares of J.M. Smucker in a report on Monday, November 14th. Zacks Investment Research raised shares of J.M. Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $158.00 price target on shares of J.M. Smucker in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. 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.