Amalgamated Bank Increases Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Amalgamated Bank increased its stake in The J. M. Smucker Company (NYSE:SJM) by 22.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,493 shares of the company’s stock after acquiring an additional 4,862 shares during the quarter. Amalgamated Bank’s holdings in J. M. Smucker were worth $2,889,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SJM. Vanguard Group Inc. lifted its stake in J. M. Smucker by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after buying an additional 518,433 shares in the last quarter. Boston Partners acquired a new stake in shares of J. M. Smucker in the first quarter worth approximately $364,990,000. Dimensional Fund Advisors LP increased its position in shares of J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after purchasing an additional 135,158 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after purchasing an additional 327,680 shares in the last quarter. Finally, Ariel Investments LLC lifted its holdings in J. M. Smucker by 58.7% in the 1st quarter. Ariel Investments LLC now owns 868,375 shares of the company’s stock valued at $109,302,000 after purchasing an additional 321,049 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of recent research reports. TD Cowen reduced their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Bank of America dropped their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Finally, StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Trading Up 0.2 %

Shares of SJM stock opened at $118.97 on Tuesday. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $134.62. The firm has a market cap of $12.63 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24. The company has a 50-day moving average of $118.94 and a two-hundred day moving average of $116.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last posted its earnings results 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 firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm earned $2.21 EPS. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts predict 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. Stockholders of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio is currently 60.67%.

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.