Northwestern Mutual Wealth Management Co. Has $560,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

Northwestern Mutual Wealth Management Co. decreased its stake in The J. M. Smucker Company (NYSE:SJM) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,135 shares of the company’s stock after selling 523 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in J. M. Smucker were worth $560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker in the second quarter worth $26,000. Cooksen Wealth LLC acquired a new stake in J. M. Smucker during the fourth quarter worth $33,000. Rothschild Investment LLC acquired a new stake in J. M. Smucker during the second quarter worth $42,000. Central Valley Advisors LLC acquired a new stake in J. M. Smucker during the second quarter worth $45,000. Finally, Quest Partners LLC boosted its stake in J. M. Smucker by 2,347.1% during the second quarter. Quest Partners LLC now owns 416 shares of the company’s stock worth $45,000 after buying an additional 399 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $116.18 on Tuesday. The stock has a 50-day simple moving average of $119.17 and a 200 day simple moving average of $115.87. 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 12-month low of $105.69 and a 12-month high of $134.62. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 3.16 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last announced 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. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned $2.21 earnings per share. On average, research analysts anticipate that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal 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 given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.72%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SJM shares. DA Davidson reiterated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. Citigroup decreased their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Argus decreased 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 research note on Thursday, June 13th. TD Cowen decreased 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 research note on Thursday, August 29th. Finally, Barclays cut their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.