J M Smucker Co (SJM) Shares Obtained by Legacy Capital Partners Inc.

J M Smucker Co (SJM) Shares Obtained by Legacy Capital Partners Inc.

Legacy Capital Partners Inc. boosted its stake in J M Smucker Co (NYSE:SJM) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 14,494 shares of the company’s stock after buying an additional 80 shares during the period. Legacy Capital Partners Inc.’s holdings in J M Smucker were worth $1,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SJM. State Street Corp raised its position in J M Smucker by 1.0% in the fourth quarter. State Street Corp now owns 5,330,947 shares of the company’s stock worth $682,666,000 after buying an additional 53,579 shares in the last quarter. Wells Fargo & Company MN raised its position in J M Smucker by 9.7% in the first quarter. Wells Fargo & Company MN now owns 3,777,859 shares of the company’s stock worth $495,201,000 after buying an additional 334,989 shares in the last quarter. Dimensional Fund Advisors LP raised its position in J M Smucker by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,550,836 shares of the company’s stock worth $198,613,000 after buying an additional 54,290 shares in the last quarter. FMR LLC raised its position in J M Smucker by 35.3% in the fourth quarter. FMR LLC now owns 1,344,623 shares of the company’s stock worth $172,193,000 after buying an additional 351,144 shares in the last quarter. Finally, Putnam Investments LLC raised its position in J M Smucker by 1.7% in the fourth quarter. Putnam Investments LLC now owns 1,244,149 shares of the company’s stock worth $159,326,000 after buying an additional 20,688 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Shares of J M Smucker Co (SJM) traded up 0.22% during mid-day trading on Friday, reaching $130.51. The company’s stock had a trading volume of 817,844 shares. J M Smucker Co has a 12 month low of $122.05 and a 12 month high of $157.31. The company has a 50 day moving average of $126.70 and a 200-day moving average of $131.29. The firm has a market capitalization of $15.20 billion, a P/E ratio of 22.72 and a beta of 0.54.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, May 10th. This represents a $3.00 dividend on an annualized basis and a yield of 2.30%. J M Smucker’s dividend payout ratio (DPR) is presently 48.86%.

A number of research analysts recently issued reports on SJM shares. Sanford C. Bernstein lowered J M Smucker from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $147.00 to $130.00 in a research report on Tuesday, March 21st. Jefferies Group LLC restated a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of J M Smucker in a research report on Thursday, February 23rd. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Deutsche Bank AG started coverage on J M Smucker in a research report on Wednesday, February 15th. They set a “hold” rating and a $145.00 price objective for the company. Finally, Morgan Stanley lowered J M Smucker from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $132.00 to $126.00 in a research report on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. J M Smucker presently has a consensus rating of “Hold” and an average price target of $135.91.

In other J M Smucker news, Director Jay L. Henderson purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were acquired at an average cost of $139.87 per share, for a total transaction of $419,610.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $419,610. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.

About J M Smucker

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SJM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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