The J. M. Smucker Company $SJM Stake Cut by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,458,770 shares of the company’s stock after selling 32,294 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of J. M. Smucker worth $1,218,592,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of J. M. Smucker by 10.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after buying an additional 1,763 shares during the last quarter. United Services Automobile Association bought a new position in J. M. Smucker in the first quarter worth about $253,000. Empowered Funds LLC lifted its holdings in J. M. Smucker by 28.6% in the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after acquiring an additional 2,889 shares during the last quarter. Woodline Partners LP boosted its stake in J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares during the period. Finally, American Century Companies Inc. boosted its stake in J. M. Smucker by 6.7% in the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after acquiring an additional 138 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

SJM opened at $96.95 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $100.73 and its 200-day moving average is $102.39. The stock has a market cap of $10.34 billion, a PE ratio of -8.22, a price-to-earnings-growth ratio of 4.26 and a beta of 0.25. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted $2.61 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that The J. M. Smucker Company will post 9.04 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.5%. J. M. Smucker’s dividend payout ratio is presently -37.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SJM shares. Sanford C. Bernstein upgraded J. M. Smucker from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $121.00 to $145.00 in a research report on Wednesday, March 11th. BTIG Research began coverage on J. M. Smucker in a research report on Monday, April 13th. They set a “buy” rating and a $120.00 price objective for the company. TD Cowen lowered their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Wall Street Zen lowered J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Morgan Stanley reduced their price target on shares of J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $117.25.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.