The J. M. Smucker Company (NYSE:SJM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,154 shares of the company's stock after selling 2,708 shares during the quarter. Principal Financial Group Inc. owned 0.12% of J. M. Smucker worth $15,530,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SJM. Atria Investments Inc grew its position in J. M. Smucker by 11.0% in the fourth quarter. Atria Investments Inc now owns 7,812 shares of the company's stock valued at $860,000 after acquiring an additional 773 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $4,802,000. Raymond James Financial Inc. acquired a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $32,988,000. Daiwa Securities Group Inc. grew its position in shares of J. M. Smucker by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,039 shares of the company's stock worth $1,546,000 after buying an additional 1,005 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in shares of J. M. Smucker by 14.4% during the fourth quarter. Independent Advisor Alliance now owns 5,841 shares of the company's stock worth $643,000 after buying an additional 737 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SJM shares. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday. Barclays decreased their price target on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. Bank of America decreased their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada started coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.33.

J. M. Smucker Stock Performance

SJM traded up $0.09 during trading hours on Friday, hitting $104.75. 1,874,668 shares of the stock were exchanged, compared to its average volume of 1,314,192. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of -9.06, a price-to-earnings-growth ratio of 7.89 and a beta of 0.31. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The stock has a 50-day simple moving average of $106.02 and a 200-day simple moving average of $108.63.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. The company 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 firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business posted $2.66 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker's payout ratio is -37.37%.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This represents a 37.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.24% of the company's stock.

J. M. Smucker Company Profile

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.