American International Group Inc. Has $3.88 Million Position in The J. M. Smucker Company (NYSE:SJM)

American International Group Inc. lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,723 shares of the company’s stock after acquiring an additional 812 shares during the period. American International Group Inc.’s holdings in J. M. Smucker were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wolverine Asset Management LLC lifted its stake in J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Advantage Trust Co acquired a new stake in J. M. Smucker in the fourth quarter valued at about $25,000. Valley National Advisers Inc. grew its position in J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after acquiring an additional 272 shares during the last quarter. Principal Securities Inc. acquired a new position in J. M. Smucker during the fourth quarter worth about $43,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of J. M. Smucker by 77.1% in the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock worth $52,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $108.70 on Monday. The business has a 50-day moving average price of $112.66 and a two-hundred day moving average price of $120.73. The J. M. Smucker Company has a 1-year low of $106.32 and a 1-year high of $153.94. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88. The company has a market cap of $11.54 billion, a P/E ratio of 15.27, a PEG ratio of 2.19 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, June 6th. The company reported $2.66 EPS 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 analysts’ expectations of $2.24 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.64 earnings per share. As a group, analysts anticipate that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Announces Dividend

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

Insider Activity

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research analyst reports. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, February 28th. Citigroup raised their price objective on J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a report on Friday, June 7th. Argus dropped their target price on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. TD Cowen reduced their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, 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 report on Monday, June 10th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $132.64.

J. M. Smucker 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.