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

Diversified Trust Co boosted its position in The J. M. Smucker Company (NYSE:SJM) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,594 shares of the company’s stock after acquiring an additional 858 shares during the quarter. Diversified Trust Co’s holdings in J. M. Smucker were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC lifted its stake in shares of J. M. Smucker by 1.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after purchasing an additional 81 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in shares of J. M. Smucker by 7.3% during the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after purchasing an additional 83 shares in the last quarter. Czech National Bank lifted its stake in shares of J. M. Smucker by 0.5% during the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after purchasing an additional 88 shares in the last quarter. First National Trust Co lifted its stake in shares of J. M. Smucker by 4.9% during the fourth quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after purchasing an additional 99 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in shares of J. M. Smucker by 1.4% during the fourth quarter. Wealthspire Advisors LLC now owns 7,067 shares of the company’s stock worth $893,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Argus reduced their price objective on 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. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. DA Davidson dropped their target price on 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. TD Cowen dropped their target price on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Barclays dropped their target price on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $132.64.

Insiders Place Their Bets

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by insiders.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $110.66 on Wednesday. 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 stock has a 50 day simple moving average of $112.17 and a 200-day simple moving average of $120.05. The company has a market cap of $11.75 billion, a PE ratio of 15.54, a P/E/G ratio of 2.18 and a beta of 0.25. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $153.94.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share (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 the consensus estimate of $2.24 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.64 earnings per share. On average, equities research analysts forecast that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $1.06 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.83%. J. M. Smucker’s dividend payout ratio (DPR) is 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.