9,656 Shares in The J. M. Smucker Company (NYSE:SJM) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,656 shares of the company’s stock, valued at approximately $1,215,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its position in J. M. Smucker by 300.0% during the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Advantage Trust Co purchased a new position in J. M. Smucker in the 4th quarter worth approximately $25,000. Cooksen Wealth LLC purchased a new position in J. M. Smucker in the 4th quarter worth approximately $33,000. Valley National Advisers Inc. boosted its holdings in J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after acquiring an additional 272 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in J. M. Smucker in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen reduced their target price 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. Citigroup increased their target price on J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Argus reduced their target price 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. Barclays reduced their price objective on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Finally, DA Davidson dropped their target price on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. One 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $132.64.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $117.42 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $112.32 and its two-hundred day moving average price is $118.35. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $153.00. The stock has a market cap of $12.47 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.36 and a beta of 0.25.

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

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s payout ratio is 59.55%.

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.