Fifth Third Bancorp Purchases 1,848 Shares of The J. M. Smucker Company (NYSE:SJM)

Fifth Third Bancorp boosted its position in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 15.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,666 shares of the company’s stock after acquiring an additional 1,848 shares during the period. Fifth Third Bancorp’s holdings in J. M. Smucker were worth $1,727,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC increased its holdings in J. M. Smucker by 1.6% during the 4th quarter. Columbus Macro LLC now owns 10,473 shares of the company’s stock worth $1,331,000 after purchasing an additional 162 shares in the last quarter. Culbertson A N & Co. Inc. grew its holdings in shares of J. M. Smucker by 8.3% in the 4th quarter. Culbertson A N & Co. Inc. now owns 12,539 shares of the company’s stock valued at $1,585,000 after acquiring an additional 960 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of J. M. Smucker by 16.1% in the 4th quarter. Blue Trust Inc. now owns 929 shares of the company’s stock valued at $114,000 after acquiring an additional 129 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of J. M. Smucker in the 4th quarter valued at about $106,000. Finally, Ritholtz Wealth Management bought a new position in shares of J. M. Smucker in the 4th quarter valued at about $813,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 2.9 %

NYSE SJM opened at $119.50 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92. The company has a 50 day moving average of $125.42 and a 200-day moving average of $121.68.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $2.21 earnings per share. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $1.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.55%. J. M. Smucker’s payout ratio is presently -481.81%.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on J. M. Smucker in a report on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 price objective for the company. Morgan Stanley reiterated an “equal weight” rating and set a $122.00 price target on shares of J. M. Smucker in a report on Wednesday, December 6th. Citigroup reduced their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $137.20.

View Our Latest Research Report on SJM

J. M. Smucker Company Profile

(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.

Further Reading

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

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