Pinnacle Bancorp Inc. Increases Position in The J. M. Smucker Company (NYSE:SJM)

Pinnacle Bancorp Inc. increased its position in The J. M. Smucker Company (NYSE:SJM) by 58.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 667 shares of the company’s stock after buying an additional 247 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in J. M. Smucker were worth $84,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Sound View Wealth Advisors Group LLC boosted its stake in shares of J. M. Smucker by 1.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after purchasing an additional 81 shares in the last quarter. Tradition Wealth Management LLC boosted its position in J. M. Smucker by 7.3% during the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after buying an additional 83 shares during the period. Czech National Bank grew its stake in shares of J. M. Smucker by 0.5% during the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after buying an additional 88 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in shares of J. M. Smucker by 2.0% in the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after buying an additional 97 shares during the period. Finally, First National Trust Co lifted its stake in shares of J. M. Smucker by 4.9% in the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock valued at $267,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

SJM stock opened at $109.04 on Friday. The stock’s 50 day simple moving average is $112.45 and its 200 day simple moving average is $120.32. The stock has a market capitalization of $11.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.17 and a beta of 0.23. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $153.94. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.64 EPS. As a group, research analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, May 16th. J. M. Smucker’s dividend payout ratio is 59.55%.

Insiders Place Their Bets

In other news, CEO Mark T. Smucker sold 10,000 shares of the 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 directly owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SJM. TD Cowen reduced their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Barclays decreased their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Citigroup upped their price objective on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, DA Davidson cut their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $132.64.

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.