The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 47.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 898 shares of the company’s stock after purchasing an additional 289 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in J. M. Smucker were worth $113,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in J. M. Smucker by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after acquiring an additional 518,433 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in J. M. Smucker by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock worth $213,441,000 after acquiring an additional 202,092 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in J. M. Smucker by 487.5% in the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after acquiring an additional 1,210,837 shares during the last quarter. Northern Trust Corp lifted its stake in J. M. Smucker by 2.1% in the third quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock worth $179,170,000 after acquiring an additional 29,728 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after acquiring an additional 999,315 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SJM shares. JPMorgan Chase & Co. lifted their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Argus dropped their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. Citigroup boosted their price objective 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, Barclays dropped their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $132.64.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale 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 Down 0.9 %

Shares of SJM stock opened at $108.70 on Friday. The stock’s 50 day simple moving average is $112.66 and its 200 day simple moving average is $120.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The J. M. Smucker Company has a twelve month low of $106.32 and a twelve month high of $153.94. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.19 and a beta of 0.23.

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

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.90%. J. M. Smucker’s dividend payout ratio (DPR) is presently 59.55%.

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.