2,188 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by Choreo LLC

Choreo LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,188 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds have also added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $33,000. Rothschild Investment LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $42,000. Principal Securities Inc. acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $43,000. Central Valley Advisors LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $45,000. Finally, Quest Partners LLC boosted its position in J. M. Smucker by 2,347.1% during the 2nd quarter. Quest Partners LLC now owns 416 shares of the company’s stock worth $45,000 after buying an additional 399 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

NYSE:SJM opened at $120.48 on Thursday. The company has a fifty day moving average of $118.40 and a 200-day moving average of $116.16. The firm has a market capitalization of $12.79 billion, a P/E ratio of 16.92, a P/E/G ratio of 3.20 and a beta of 0.24. 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 twelve month low of $105.69 and a twelve 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 the consensus estimate of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business posted $2.21 EPS. J. M. Smucker’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current 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 given a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.59%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

Analyst Ratings Changes

SJM has been the subject of several analyst reports. Barclays lowered their price target on shares of 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. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Wells Fargo & Company lowered their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, Citigroup lowered their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $127.25.

Insider Activity at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The shares were 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 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 SEC, which is accessible through the SEC website. 3.40% of the stock is currently owned by insiders.

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.