Janus Henderson Group PLC reduced its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 58.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,241 shares of the company's stock after selling 20,235 shares during the quarter. Janus Henderson Group PLC's holdings in J. M. Smucker were worth $1,792,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Wolverine Asset Management LLC raised its position in J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company's stock worth $25,000 after buying an additional 150 shares during the last quarter. Advantage Trust Co purchased a new stake in J. M. Smucker in the fourth quarter worth approximately $25,000. Cooksen Wealth LLC purchased a new stake in J. M. Smucker during the 4th quarter valued at $33,000. Valley National Advisers Inc. lifted its holdings in shares of J. M. Smucker by 2,266.7% during the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company's stock valued at $35,000 after buying an additional 272 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of J. M. Smucker in the 1st quarter worth $35,000. 81.66% of the stock is owned by hedge funds and other institutional investors.
J. M. Smucker Price Performance
SJM stock traded down $1.94 during midday trading on Tuesday, hitting $118.94. The company's stock had a trading volume of 881,790 shares, compared to its average volume of 1,252,667. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.45 and a beta of 0.25. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $150.08. The company has a 50 day moving average of $113.32 and a two-hundred day moving average of $118.02.
J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. J. M. Smucker's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.64 earnings per share. On average, analysts expect that The J. M. Smucker Company will post 10.06 EPS for the current year.
J. M. Smucker Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.06. This represents a $4.32 dividend on an annualized basis and a yield of 3.63%. J. M. Smucker's dividend payout ratio is presently 59.55%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. DA Davidson decreased their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a "neutral" rating on the stock in a research report on Monday, June 10th. Barclays cut their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an "equal weight" rating for the company in a research report on Monday, June 10th. TD Cowen decreased their target price on J. M. Smucker from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, June 7th. Finally, Citigroup boosted their price target on J. M. Smucker from $137.00 to $139.00 and gave the company a "buy" rating in a report on Friday, June 7th. One investment 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. Based on data from MarketBeat.com, J. M. Smucker has a consensus rating of "Hold" and an average target price of $132.64.
Get Our Latest Research Report on J. M. Smucker
Insider Buying and Selling at J. M. Smucker
In other news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the transaction, the chief executive officer now directly owns 78,757 shares in the company, valued at approximately $8,675,871.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by company insiders.
About J. M. Smucker
(Free Report)
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.
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