The J. M. Smucker Company (NYSE:SJM) Shares Acquired by PFG Investments LLC

PFG Investments LLC lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,959 shares of the company’s stock after purchasing an additional 109 shares during the quarter. PFG Investments LLC’s holdings in J. M. Smucker were worth $214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners acquired a new stake in J. M. Smucker in the first quarter worth about $364,990,000. Norges Bank acquired a new stake in J. M. Smucker in the 4th quarter worth approximately $157,077,000. Point72 Asset Management L.P. boosted its stake in J. M. Smucker by 21,858.1% in the 4th quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock worth $86,027,000 after purchasing an additional 677,600 shares in the last quarter. Vanguard Group Inc. grew its position in J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after purchasing an additional 518,433 shares during the last quarter. Finally, Ilex Capital Partners UK LLP acquired a new position in J. M. Smucker during the 1st quarter valued at approximately $48,207,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $120.74 on Friday. The company has a market capitalization of $12.85 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 3.13 and a beta of 0.24. 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 company’s fifty day moving average price is $117.97 and its 200 day moving average price is $116.21. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company posted $2.21 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, research analysts predict that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were given a $1.08 dividend. 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.58%. J. M. Smucker’s payout ratio is 60.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday. TD Cowen cut their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Bank of America reduced their price objective 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. Argus cut their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Finally, BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research 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 given a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average target price 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.