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

Vanguard Personalized Indexing Management LLC grew its position in The J. M. Smucker Company (NYSE:SJM) by 31.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,844 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Studio Investment Management LLC purchased a new position in J. M. Smucker during the 2nd quarter valued at about $26,000. Cooksen Wealth LLC purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $33,000. Principal Securities Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $43,000. Rothschild Investment LLC acquired a new position in shares of J. M. Smucker in the second quarter valued at approximately $42,000. Finally, Central Valley Advisors LLC purchased a new stake in J. M. Smucker during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM opened at $118.74 on Monday. The firm has a fifty day moving average price of $118.89 and a 200 day moving average price of $116.13. The stock has a market cap 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. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year 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.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a $1.08 dividend. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 3.64%. J. M. Smucker’s dividend payout ratio is 60.67%.

Wall Street Analyst Weigh In

Several brokerages have commented on SJM. Bank of America decreased their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. TD Cowen reduced their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Finally, StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.