Teacher Retirement System of Texas Invests $1.84 Million in The J. M. Smucker Company (NYSE:SJM)

Teacher Retirement System of Texas acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,557 shares of the company's stock, valued at approximately $1,842,000.

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

Insider Buying and Selling

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director directly owned 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SJM shares. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $120.00 to $106.00 and set a "hold" rating for the company in a research note on Wednesday, June 11th. BNP Paribas Exane raised shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target on the stock in a report on Wednesday. UBS Group dropped their price objective 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. Morgan Stanley restated an "overweight" rating and set a $124.00 target price (up from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Finally, BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday. Six 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $117.33.

J. M. Smucker Trading Up 0.1%

NYSE SJM traded up $0.09 on Friday, hitting $104.75. The company's stock had a trading volume of 1,874,668 shares, compared to its average volume of 1,314,192. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16. 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 market cap of $11.16 billion, a P/E ratio of -9.06, a PEG ratio of 7.89 and a beta of 0.31. The company's 50-day simple moving average is $106.02 and its 200 day simple moving average is $108.64.

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

J. M. Smucker Dividend Announcement

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