Latest Stocks: Capital Management Associates NY Continues to Hold Position in J M Smucker Co (SJM)

Latest Stocks: Capital Management Associates NY Continues to Hold Position in J M Smucker Co (SJM)

Capital Management Associates NY continued to hold its stake in shares of J M Smucker Co (NYSE:SJM) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,700 shares of the company’s stock at the end of the first quarter. Capital Management Associates NY’s holdings in J M Smucker were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SJM. Rothschild Asset Management Inc. raised its position in J M Smucker by 48.5% in the third quarter. Rothschild Asset Management Inc. now owns 4,566 shares of the company’s stock worth $619,000 after buying an additional 1,491 shares during the last quarter. APG Asset Management N.V. raised its position in J M Smucker by 170.9% in the third quarter. APG Asset Management N.V. now owns 465,428 shares of the company’s stock worth $63,084,000 after buying an additional 293,600 shares during the last quarter. Advisors Asset Management Inc. raised its position in J M Smucker by 11.8% in the third quarter. Advisors Asset Management Inc. now owns 26,927 shares of the company’s stock worth $3,650,000 after buying an additional 2,842 shares during the last quarter. Strategy Asset Managers LLC acquired a new position in J M Smucker during the third quarter worth $2,162,000. Finally, Huntington National Bank raised its position in J M Smucker by 33.1% in the third quarter. Huntington National Bank now owns 87,430 shares of the company’s stock worth $11,851,000 after buying an additional 21,738 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

J M Smucker Co (SJM) opened at 130.50 on Tuesday. The firm’s 50-day moving average is $126.81 and its 200 day moving average is $131.36. J M Smucker Co has a 12-month low of $122.05 and a 12-month high of $157.31. The firm has a market cap of $15.20 billion, a PE ratio of 22.72 and a beta of 0.54.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $3.00 annualized dividend and a dividend yield of 2.30%. J M Smucker’s payout ratio is 48.86%. A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $128.00 target price (down from $132.00) on shares of J M Smucker in a report on Wednesday, May 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $130.00 target price on shares of J M Smucker in a report on Wednesday, April 26th. Sanford C. Bernstein lowered shares of J M Smucker from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $147.00 to $130.00 in a report on Tuesday, March 21st. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $126.00 target price on shares of J M Smucker in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $135.91.

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