The J. M. Smucker Company (NYSE:SJM) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 31.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,844 shares of the company’s stock after acquiring an additional 2,831 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in J. M. Smucker were worth $1,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SJM. Tradition Wealth Management LLC grew its holdings in J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after purchasing an additional 83 shares during the period. Czech National Bank grew its stake in J. M. Smucker by 0.5% in the 1st quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after acquiring an additional 88 shares during the period. Resonant Capital Advisors LLC increased its holdings in J. M. Smucker by 0.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after acquiring an additional 93 shares in the last quarter. State of Michigan Retirement System raised its position in J. M. Smucker by 0.3% during the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after acquiring an additional 100 shares during the period. Finally, PFG Investments LLC lifted its holdings in J. M. Smucker by 5.9% during the second quarter. PFG Investments LLC now owns 1,959 shares of the company’s stock valued at $214,000 after purchasing an additional 109 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of SJM stock opened at $118.74 on Monday. The firm’s 50-day moving average is $118.89 and its two-hundred day moving average is $116.13. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25. The company has a market capitalization of $12.61 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion for 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%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date 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 3.64%. J. M. Smucker’s dividend payout ratio is currently 60.67%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Citigroup decreased their target price on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. Wells Fargo & Company decreased their price objective on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, TD Cowen dropped 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 report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $127.25.

About J. M. Smucker

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.