Clark Estates Inc. NY Takes $2.49 Million Position in The J. M. Smucker Company (NYSE:SJM)

Clark Estates Inc. NY bought a new position in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,987 shares of the company's stock, valued at approximately $2,485,000. J. M. Smucker comprises about 0.5% of Clark Estates Inc. NY's investment portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $27,000. Minot DeBlois Advisors LLC bought a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $29,000. N.E.W. Advisory Services LLC bought a new position in shares of J. M. Smucker during the 1st quarter valued at approximately $30,000. Finally, Cooksen Wealth LLC bought a new position in shares of J. M. Smucker during the 1st quarter valued at approximately $33,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

Shares of SJM traded up $0.82 during mid-day trading on Friday, hitting $108.16. 1,592,962 shares of the stock were exchanged, compared to its average volume of 1,583,774. The company has a market cap of $11.52 billion, a PE ratio of -9.36, a price-to-earnings-growth ratio of 8.29 and a beta of 0.31. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The firm has a 50-day moving average of $104.67 and a two-hundred day moving average of $108.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.06. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 EPS. On average, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, August 15th. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is currently -38.06%.

Insiders Place Their Bets

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of J. M. Smucker stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. UBS Group dropped their price target on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target for the company. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and dropped their price target for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. Finally, Bank of America dropped their price target on J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.67.

About J. M. Smucker

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.