Charles Schwab Funding Administration Inc. lifted its place in shares of The J. M. Smucker Firm (NYSE:SJM – Free Report) by 1.4% through the third quarter, in keeping with its most up-to-date disclosure with the SEC. The agency owned 990,632 shares of the corporate’s inventory after shopping for an extra 13,276 shares through the interval. Charles Schwab Funding Administration Inc. owned 0.93% of J. M. Smucker price $119,966,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers have additionally lately purchased and offered shares of SJM. Boston Companions acquired a brand new stake in shares of J. M. Smucker within the first quarter price roughly $364,990,000. Dimensional Fund Advisors LP lifted its place in shares of J. M. Smucker by 8.2% through the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the corporate’s inventory price $194,435,000 after buying an extra 135,158 shares within the final quarter. ProShare Advisors LLC grew its place in shares of J. M. Smucker by 14.4% through the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the corporate’s inventory price $166,403,000 after shopping for an extra 192,075 shares within the final quarter. Ariel Investments LLC elevated its place in shares of J. M. Smucker by 56.0% within the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the corporate’s inventory price $147,749,000 after buying an extra 486,624 shares over the last quarter. Lastly, Financial institution of Montreal Can elevated its holdings in J. M. Smucker by 186.3% within the second quarter. Financial institution of Montreal Can now owns 805,029 shares of the corporate’s inventory valued at $90,195,000 after shopping for an extra 523,803 shares over the last quarter. 81.66% of the inventory is owned by hedge funds and different institutional buyers.
Wall Road Analyst Weigh In
Quite a lot of equities analysts have commented on SJM shares. BNP Paribas upgraded J. M. Smucker to a “sturdy promote” ranking in a analysis observe on Thursday, August twenty ninth. Citigroup dropped their worth goal on shares of J. M. Smucker from $138.00 to $136.00 and set a “purchase” ranking on the inventory in a analysis report on Thursday, August twenty ninth. DA Davidson reaffirmed a “impartial” ranking and set a $121.00 goal worth on shares of J. M. Smucker in a report on Thursday, August twenty ninth. Stifel Nicolaus minimize J. M. Smucker from a “purchase” ranking to a “maintain” ranking and dropped their worth goal for the corporate from $135.00 to $125.00 in a report on Friday, October twenty fifth. Lastly, TD Cowen lowered their goal worth on J. M. Smucker from $135.00 to $132.00 and set a “purchase” ranking for the corporate in a report on Thursday, August twenty ninth. One funding analyst has rated the inventory with a promote ranking, eight have assigned a maintain ranking and 4 have assigned a purchase ranking to the inventory. Based mostly on information from MarketBeat, the inventory has a mean ranking of “Maintain” and a mean goal worth of $127.09.
Test Out Our Newest Report on J. M. Smucker
J. M. Smucker Buying and selling Up 0.3 %
Shares of SJM inventory opened at $113.65 on Tuesday. The agency has a market capitalization of $12.09 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of three.18 and a beta of 0.25. The J. M. Smucker Firm has a 1 12 months low of $105.69 and a 1 12 months excessive of $134.62. The agency’s fifty day easy shifting common is $116.42 and its 200 day easy shifting common is $115.55. The corporate has a present ratio of 0.55, a fast ratio of 0.25 and a debt-to-equity ratio of 0.87.
J. M. Smucker (NYSE:SJM – Get Free Report) final posted its quarterly earnings information on Wednesday, August twenty eighth. The corporate reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a web margin of 8.77% and a return on fairness of 14.22%. The corporate had income of $2.13 billion for the quarter, in comparison with the consensus estimate of $2.13 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $2.21 EPS. The enterprise’s income was up 17.7% in comparison with the identical quarter final 12 months. As a gaggle, sell-side analysts predict that The J. M. Smucker Firm will publish 9.79 EPS for the present 12 months.
J. M. Smucker Dividend Announcement
The corporate additionally lately introduced a quarterly dividend, which shall be paid on Monday, December 2nd. Traders of document on Friday, November fifteenth shall be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, November fifteenth. This represents a $4.32 annualized dividend and a yield of three.80%. J. M. Smucker’s dividend payout ratio (DPR) is at present 61.10%.
J. M. Smucker Firm Profile
The J. M. Smucker Firm manufactures and markets branded meals and beverage merchandise worldwide. It operates in three segments: U.S. Retail Pet Meals, U.S. Retail Espresso, and U.S. Retail Client Meals. The corporate presents mainstream roast, floor, single serve, and premium espresso; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly merchandise; nut combine merchandise; shortening and oils; frozen sandwiches and snacks; pet meals and pet snacks; and foodservice sizzling beverage, foodservice portion management, and flour merchandise, in addition to canine and cat meals, frozen handheld merchandise, juices and drinks, and baking mixes and substances.
Advisable Tales
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