Yousif Capital Management LLC Purchases 12,846 Shares of The J. M. Smucker Company (NYSE:SJM)

Yousif Capital Management LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 21.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,604 shares of the company's stock after buying an additional 12,846 shares during the period. Yousif Capital Management LLC owned approximately 0.07% of J. M. Smucker worth $8,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares during the period. FMR LLC boosted its holdings in J. M. Smucker by 11.3% during the fourth quarter. FMR LLC now owns 3,734,305 shares of the company's stock worth $411,222,000 after buying an additional 380,309 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of J. M. Smucker by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after acquiring an additional 58,231 shares during the last quarter. Invesco Ltd. raised its position in shares of J. M. Smucker by 21.0% in the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company's stock valued at $265,942,000 after acquiring an additional 418,878 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of J. M. Smucker by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock valued at $221,232,000 after acquiring an additional 33,758 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Down 1.7%

Shares of J. M. Smucker stock traded down $1.64 during trading on Friday, reaching $95.73. The stock had a trading volume of 2,925,751 shares, compared to its average volume of 1,233,808. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 3.91 and a beta of 0.35. The stock has a fifty day moving average price of $112.29 and a two-hundred day moving average price of $110.66. The J. M. Smucker Company has a 52 week low of $93.93 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.25 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.18 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.66 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $1.08 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 4.51%. J. M. Smucker's payout ratio is currently -37.37%.

Insiders Place Their Bets

In other news, Director Tarang Amin purchased 1,050 shares of J. M. Smucker stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director now directly owns 3,825 shares of the company's stock, valued at $367,544.25. This trade represents a 37.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of several recent analyst reports. UBS Group lowered their target price 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. Bank of America lowered their price objective 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. Citigroup reduced their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday. Wells Fargo & Company decreased their target price on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and dropped their price target for the stock from $118.00 to $115.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $115.80.

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.