The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 44.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,654 shares of the company’s stock after purchasing an additional 1,125 shares during the period. Meeder Advisory Services Inc.’s holdings in J. M. Smucker were worth $398,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $43,000. Principal Financial Group Inc. grew its holdings in shares of J. M. Smucker by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 140,347 shares of the company’s stock worth $17,737,000 after purchasing an additional 4,172 shares during the period. Avantax Advisory Services Inc. increased its position in shares of J. M. Smucker by 16.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,535 shares of the company’s stock worth $700,000 after purchasing an additional 783 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in J. M. Smucker by 129.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,420 shares of the company’s stock valued at $306,000 after buying an additional 1,366 shares during the period. Finally, Fiera Capital Corp acquired a new position in J. M. Smucker in the fourth quarter valued at about $518,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 2.3 %

Shares of NYSE:SJM opened at $120.74 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 3.13 and a beta of 0.24. The firm’s 50 day moving average price is $117.97 and its 200 day moving average price is $116.17.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned $2.21 EPS. As a group, equities research analysts predict that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.58%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, August 16th. J. M. Smucker’s dividend payout ratio is 60.67%.

Insider Buying and Selling at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 78,757 shares in the company, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SJM shares. DA Davidson reissued a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. Wells Fargo & Company lowered their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Citigroup cut their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Barclays lowered their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Finally, Bank of America cut their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $127.25.

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.