LPL Financial LLC raised its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 15.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 108,649 shares of the company's stock after buying an additional 14,497 shares during the quarter. LPL Financial LLC owned about 0.10% of J. M. Smucker worth $12,865,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in SJM. FMR LLC grew its stake in J. M. Smucker by 11.3% in the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after acquiring an additional 380,309 shares during the last quarter. Invesco Ltd. raised its holdings in J. M. Smucker by 21.0% in the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock valued at $265,942,000 after buying an additional 418,878 shares during the period. Dimensional Fund Advisors LP raised its holdings in J. M. Smucker by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock valued at $221,232,000 after buying an additional 33,758 shares during the period. Ariel Investments LLC raised its holdings in J. M. Smucker by 12.4% in the fourth quarter. Ariel Investments LLC now owns 1,832,861 shares of the company's stock valued at $201,835,000 after buying an additional 201,576 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of J. M. Smucker by 5.8% during the fourth quarter. ProShare Advisors LLC now owns 1,627,187 shares of the company's stock valued at $179,186,000 after purchasing an additional 89,448 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.
J. M. Smucker Trading Up 1.7%
Shares of SJM stock opened at $110.91 on Friday. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The company has a market cap of $11.81 billion, a PE ratio of -9.59, a price-to-earnings-growth ratio of 8.28 and a beta of 0.31. The business's 50 day moving average is $104.37 and its two-hundred day moving average is $108.88.
J. M. Smucker (NYSE:SJM - Get Free Report) last issued 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. The firm had revenue of $2.14 billion during 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%. J. M. Smucker's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.66 earnings per share. Equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.
J. M. Smucker Increases Dividend
The firm 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 $1.10 dividend. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is presently -37.37%.
Analyst Ratings Changes
A number of research firms have recently weighed in on SJM. Royal Bank Of Canada assumed 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. Wells Fargo & Company dropped their price target on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. UBS Group cut their price objective on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Barclays cut 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. Finally, Stifel Nicolaus increased their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.67.
Check Out Our Latest Research Report on J. M. Smucker
Insider Activity
In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.24% of the stock is owned by corporate insiders.
J. M. Smucker Company Profile
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Free Report)
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.
See Also
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