Farmers Trust Co. Grows Position in The J. M. Smucker Company (NYSE:SJM)

Farmers Trust Co. grew its position in The J. M. Smucker Company (NYSE:SJM) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,972 shares of the company’s stock after acquiring an additional 150 shares during the quarter. Farmers Trust Co.’s holdings in J. M. Smucker were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker in the 2nd quarter worth about $26,000. Cooksen Wealth LLC purchased a new position in J. M. Smucker in the fourth quarter worth about $33,000. Quarry LP increased its stake in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the last quarter. Rothschild Investment LLC purchased a new stake in J. M. Smucker during the second quarter valued at approximately $42,000. Finally, Central Valley Advisors LLC bought a new stake in J. M. Smucker in the second quarter worth $45,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 1.6 %

Shares of NYSE:SJM opened at $117.28 on Friday. 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 52-week low of $105.69 and a 52-week high of $134.62. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 3.16 and a beta of 0.24. The business has a 50-day moving average price of $119.20 and a 200-day moving average price of $116.07.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The company had revenue of $2.13 billion during 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%. J. M. Smucker’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 EPS. Equities analysts predict that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SJM shares. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday. TD Cowen cut their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.