The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,134 shares of the company’s stock after buying an additional 78,807 shares during the period. Goldman Sachs Group Inc. owned about 0.39% of J. M. Smucker worth $52,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its position in J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Advantage Trust Co acquired a new position in shares of J. M. Smucker during the fourth quarter worth $25,000. Valley National Advisers Inc. lifted its position in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after purchasing an additional 272 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter worth $43,000. Finally, Lindbrook Capital LLC lifted its position in shares of J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after purchasing an additional 178 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

J. M. Smucker Stock Up 0.2 %

J. M. Smucker stock opened at $112.35 on Thursday. The firm has a market capitalization of $11.93 billion, a P/E ratio of 15.78, a P/E/G ratio of 2.24 and a beta of 0.23. The company has a 50-day simple moving average of $112.73 and a 200-day simple moving average of $120.78. The J. M. Smucker Company has a one year low of $106.32 and a one year high of $153.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.64 earnings per share. As a group, equities analysts expect that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s payout ratio is currently 59.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SJM shares. DA Davidson reduced their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Wednesday, February 28th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Citigroup boosted their target price on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, TD Cowen lowered their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average target price of $132.64.

About J. M. Smucker

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.