7,460 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,460 shares of the company’s stock, valued at approximately $813,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after purchasing an additional 518,433 shares during the last quarter. Boston Partners acquired a new stake in J. M. Smucker during the 1st quarter valued at $364,990,000. Dimensional Fund Advisors LP raised its holdings in shares of J. M. Smucker by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after buying an additional 135,158 shares during the last quarter. ProShare Advisors LLC lifted its holdings in J. M. Smucker by 14.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock worth $166,403,000 after buying an additional 192,075 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in shares of J. M. Smucker by 29.0% during the first quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock valued at $183,518,000 after acquiring an additional 327,680 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SJM. Argus decreased their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Barclays lowered their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Bank of America lowered their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday. 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, J. M. Smucker presently has an average rating of “Hold” and an average price target of $127.25.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $121.21 on Wednesday. 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 twelve month low of $105.69 and a twelve month high of $134.62. The firm has a market capitalization of $12.90 billion, a PE ratio of 17.02, a P/E/G ratio of 3.21 and a beta of 0.24. The company has a 50-day moving average price of $119.15 and a two-hundred day moving average price of $116.05.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. J. M. Smucker’s revenue was up 17.7% on a year-over-year basis. Equities analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.56%. 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%.

J. M. Smucker Company 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.