Robeco Institutional Asset Management B.V. Acquires Shares of 12,263 The J. M. Smucker Company (NYSE:SJM)

Robeco Institutional Asset Management B.V. bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,263 shares of the company's stock, valued at approximately $1,452,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SJM. Marshall & Sterling Wealth Advisors Inc. acquired a new position in J. M. Smucker during the 4th quarter valued at $27,000. Minot DeBlois Advisors LLC bought a new position in shares of J. M. Smucker during the 4th quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter valued at about $29,000. Menard Financial Group LLC bought a new stake in shares of J. M. Smucker in the fourth quarter valued at about $46,000. Finally, Sandy Spring Bank grew its position in J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on SJM shares. Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and cut their price target for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. UBS Group dropped their price objective on shares of 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. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Barclays decreased their price objective on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $115.80.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $96.09 per share, with a total value 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 trade represents a 37.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.40% of the company's stock.

J. M. Smucker Trading Up 1.8%

Shares of J. M. Smucker stock traded up $1.84 during trading on Wednesday, hitting $104.79. 2,864,649 shares of the company were exchanged, compared to its average volume of 1,289,749. The firm's fifty day moving average price is $107.81 and its 200 day moving average price is $109.04. The firm has a market capitalization of $11.16 billion, a P/E ratio of -9.06, a price-to-earnings-growth ratio of 7.50 and a beta of 0.31. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.66 earnings per share. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.12%. J. M. Smucker's dividend payout ratio (DPR) is currently -37.37%.

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.