Headlands Technologies LLC Has $78,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Headlands Technologies LLC reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 82.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 718 shares of the company’s stock after selling 3,302 shares during the quarter. Headlands Technologies LLC’s holdings in J. M. Smucker were worth $78,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SJM. Cooksen Wealth LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at $33,000. Rothschild Investment LLC acquired a new stake in shares of J. M. Smucker in the second quarter valued at about $42,000. Principal Securities Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth about $43,000. Central Valley Advisors LLC acquired a new position in shares of J. M. Smucker in the second quarter worth approximately $45,000. Finally, Quest Partners LLC boosted its holdings in J. M. Smucker by 2,347.1% in the second quarter. Quest Partners LLC now owns 416 shares of the company’s stock valued at $45,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by insiders.

J. M. Smucker Price Performance

Shares of SJM opened at $120.89 on Tuesday. The stock has a market cap of $12.86 billion, a P/E ratio of 16.98, a P/E/G ratio of 3.13 and a beta of 0.24. The business’s fifty day moving average is $118.19 and its 200 day moving average is $116.18. 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 12-month low of $105.69 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM) last released 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 firm 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 business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $2.21 earnings per share. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Wall Street Analyst Weigh In

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

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.