Mutual Advisors LLC Has $506,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

Mutual Advisors LLC grew its position in The J. M. Smucker Company (NYSE:SJMGet Rating) by 61.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,684 shares of the company’s stock after buying an additional 1,396 shares during the period. Mutual Advisors LLC’s holdings in J. M. Smucker were worth $506,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SJM. Fairfield Bush & CO. lifted its position in J. M. Smucker by 1.5% in the 1st quarter. Fairfield Bush & CO. now owns 30,551 shares of the company’s stock valued at $4,137,000 after acquiring an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in J. M. Smucker by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock valued at $1,963,000 after acquiring an additional 898 shares in the last quarter. Allianz Asset Management GmbH lifted its position in J. M. Smucker by 1.7% in the 1st quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock valued at $45,980,000 after acquiring an additional 5,531 shares in the last quarter. National Pension Service lifted its position in J. M. Smucker by 1,012.2% in the 1st quarter. National Pension Service now owns 192,636 shares of the company’s stock valued at $26,085,000 after acquiring an additional 175,315 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in J. M. Smucker by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after acquiring an additional 162,944 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

J. M. Smucker Stock Up 1.3 %

Shares of SJM opened at $149.60 on Wednesday. The J. M. Smucker Company has a 52 week low of $119.82 and a 52 week high of $163.07. The firm has a market cap of $15.94 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 5.16 and a beta of 0.23. The firm’s 50-day simple moving average is $154.34 and its 200 day simple moving average is $144.62. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.09.

J. M. Smucker (NYSE:SJMGet Rating) last announced its earnings results on Monday, November 21st. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.21. J. M. Smucker had a net margin of 7.01% and a return on equity of 11.31%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that The J. M. Smucker Company will post 8.68 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, February 9th. J. M. Smucker’s dividend payout ratio (DPR) is presently 76.55%.

Analyst Upgrades and Downgrades

SJM has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $123.00 price objective on shares of J. M. Smucker in a research report on Monday, November 21st. UBS Group boosted their price target on shares of J. M. Smucker to $128.00 in a research report on Monday, November 21st. Morgan Stanley raised shares of J. M. Smucker from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $135.00 to $158.00 in a research report on Tuesday, December 20th. StockNews.com started coverage on shares of J. M. Smucker in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Exane BNP Paribas began coverage on shares of J. M. Smucker in a research report on Tuesday, November 15th. They set an “underperform” rating on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $147.00.

J. M. Smucker Company Profile

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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, shortening and oils, and 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.

See Also

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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