J. M. Smucker (NYSE:SJM) Trading 3.4% Higher

The J. M. Smucker Company (NYSE:SJM) shares were up 3.4% on Tuesday . The company traded as high as $119.05 and last traded at $118.62. Approximately 277,692 shares were traded during trading, a decline of 77% from the average daily volume of 1,228,147 shares. The stock had previously closed at $114.68.

Analysts Set New Price Targets

Several analysts recently issued reports on SJM shares. Argus cut their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Wells Fargo & Company cut their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. TD Cowen lowered their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Finally, Bank of America reduced their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Stock Up 3.7 %

The firm has a market capitalization of $12.65 billion, a PE ratio of 16.11, a P/E/G ratio of 3.03 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The business’s 50 day moving average price is $116.10 and its 200-day moving average price is $116.48.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.84 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be paid a $1.08 dividend. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.63%. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

Insider Buying and Selling

In other news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by insiders.

Institutional Trading of J. M. Smucker

Several hedge funds have recently added to or reduced their stakes in SJM. Sound View Wealth Advisors Group LLC raised its holdings 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 in the last quarter. Tradition Wealth Management LLC increased its holdings in J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after buying an additional 83 shares during the last quarter. Czech National Bank raised its stake in J. M. Smucker by 0.5% in the first 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 in the last quarter. Resonant Capital Advisors LLC lifted its holdings in J. M. Smucker by 0.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after buying an additional 93 shares during the last quarter. Finally, First National Trust Co boosted its position in shares of J. M. Smucker by 4.9% during the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.