Moors & Cabot Inc. Purchases Shares of 9,017 The J. M. Smucker Company (NYSE:SJM)

Moors & Cabot Inc. purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,017 shares of the company’s stock, valued at approximately $983,000.

Other large investors also recently made changes to their positions in the company. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker in the second quarter valued at approximately $26,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $33,000. Rothschild Investment LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at approximately $42,000. Principal Securities Inc. acquired a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $43,000. Finally, Central Valley Advisors LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SJM shares. Argus lowered their price objective on shares of 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. Barclays lowered their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. TD Cowen lowered their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Bank of America reduced their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $127.25.

Insider Buying and Selling

In related news, CEO Mark T. Smucker sold 10,000 shares of the firm’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 value of $1,101,600.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Up 0.6 %

J. M. Smucker stock opened at $120.48 on Thursday. The company has a 50 day moving average price of $118.40 and a 200 day moving average price of $116.16. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 3.20 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $2.21 EPS. The company’s revenue was up 17.7% on a year-over-year basis. Research analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were paid a $1.08 dividend. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.59%. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

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.