Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in The J. M. Smucker Company (NYSE:SJM)

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,555 shares of the company's stock after purchasing an additional 13,347 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of J. M. Smucker worth $14,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Obermeyer Wealth Partners bought a new position in J. M. Smucker in the 1st quarter worth about $204,000. Gries Financial LLC bought a new position in J. M. Smucker in the 1st quarter worth about $1,814,000. Hazlett Burt & Watson Inc. boosted its stake in J. M. Smucker by 29.1% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 1,553 shares of the company's stock worth $184,000 after purchasing an additional 350 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of J. M. Smucker by 4.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 8,213 shares of the company's stock valued at $973,000 after acquiring an additional 324 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in shares of J. M. Smucker by 200.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 12,696 shares of the company's stock valued at $1,503,000 after acquiring an additional 8,469 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

Insider Activity

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 purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director owned 3,825 shares of the company's stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.24% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM traded up $0.47 during trading on Friday, hitting $109.11. 1,840,887 shares of the company's stock were exchanged, compared to its average volume of 2,094,272. 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 J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The business's 50-day simple moving average is $104.99 and its 200 day simple moving average is $108.46. The company has a market cap of $11.62 billion, a price-to-earnings ratio of -9.44, a PEG ratio of 8.31 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates 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 revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.66 earnings per share. As a group, 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 paid a dividend of $1.10 per share. 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 4.03%. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is currently -38.06%.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of research reports. Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Citigroup decreased their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Stifel Nicolaus decreased their price objective on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a report on Wednesday, June 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $124.00 price target (up from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Finally, Wells Fargo & Company reduced their target price on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. Six 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $117.33.

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.