M&G Plc Takes $603,000 Position in The J. M. Smucker Company (NYSE:SJM)

M&G Plc purchased a new stake in The J. M. Smucker Company (NYSE:SJM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,530 shares of the company’s stock, valued at approximately $603,000.

A number of other large investors have also made changes to their positions in SJM. Sound View Wealth Advisors Group LLC grew its position 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 during the period. Tradition Wealth Management LLC raised its stake in shares of J. M. Smucker by 7.3% during the 4th quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after purchasing an additional 83 shares in the last quarter. Czech National Bank boosted its holdings in shares of J. M. Smucker by 0.5% in the 1st 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. Resonant Capital Advisors LLC lifted its stake in J. M. Smucker by 0.7% in the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock valued at $1,803,000 after acquiring an additional 93 shares during the last quarter. Finally, First National Trust Co raised its holdings 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 purchasing an additional 99 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Argus decreased their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Citigroup upped their price objective on J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a report on Friday, June 7th. Barclays dropped their target price on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, TD Cowen cut their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.64.

Insider Buying and Selling at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was 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 in the company, valued at approximately $8,675,871.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

NYSE:SJM opened at $118.34 on Wednesday. The company has a market capitalization of $12.57 billion, a PE ratio of 16.62, a P/E/G ratio of 2.37 and a beta of 0.25. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $149.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The company has a 50 day simple moving average of $114.15 and a two-hundred day simple moving average of $117.59.

J. M. Smucker (NYSE:SJM) last announced 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. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $2.64 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Research analysts anticipate that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.65%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

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.