Railway Pension Investments Ltd Acquires 7,300 Shares of The J. M. Smucker Company (NYSE:SJM)

Railway Pension Investments Ltd lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,800 shares of the company’s stock after acquiring an additional 7,300 shares during the period. Railway Pension Investments Ltd owned 0.25% of J. M. Smucker worth $33,079,000 at the end of the most recent quarter.

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

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were 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 $8,675,871.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Up 2.0 %

SJM stock traded up $2.41 during trading on Friday, hitting $122.40. 1,723,212 shares of the company’s stock traded hands, compared to its average volume of 1,094,865. The firm has a market capitalization of $13.00 billion, a P/E ratio of 17.19, a PEG ratio of 2.40 and a beta of 0.25. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $151.99. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $112.88 and a two-hundred day simple moving average of $118.31.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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 business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business posted $2.64 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a $1.08 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is currently 59.55%.

Analysts Set New Price Targets

Several equities analysts recently commented on SJM shares. DA Davidson cut their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. TD Cowen decreased 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. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup lifted their target price on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Argus cut their price target 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $132.64.

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.