Diversified Trust Co Has $750,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

Diversified Trust Co raised its holdings in The J. M. Smucker Company (NYSE:SJM) by 4.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,882 shares of the company’s stock after acquiring an additional 288 shares during the period. Diversified Trust Co’s holdings in J. M. Smucker were worth $750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Valeo Financial Advisors LLC acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $225,000. Louisiana State Employees Retirement System bought a new stake in shares of J. M. Smucker in the 4th quarter valued at $809,000. Lecap Asset Management Ltd. bought a new stake in shares of J. M. Smucker in the 4th quarter valued at $377,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of J. M. Smucker by 4.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 369,188 shares of the company’s stock valued at $46,658,000 after purchasing an additional 17,410 shares during the last quarter. Finally, Cullen Investment Group LTD. bought a new stake in shares of J. M. Smucker in the 4th quarter valued at $976,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction dated 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 owns 78,757 shares in the company, valued at $8,675,871.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Up 0.8 %

Shares of J. M. Smucker stock traded up $0.97 during trading hours on Wednesday, reaching $119.31. The company’s stock had a trading volume of 50,802 shares, compared to its average volume of 1,238,630. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $147.48. The company has a market capitalization of $12.67 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.37 and a beta of 0.25. The stock’s fifty day simple moving average is $114.15 and its two-hundred day simple moving average is $117.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.64 earnings per share. On average, research analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.62%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio is currently 60.67%.

Analysts Set New Price Targets

SJM has been the topic of a number of analyst reports. Citigroup upped their price objective on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, June 7th. TD Cowen reduced their price objective on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Barclays reduced their price objective on shares of 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. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, DA Davidson cut their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus target price of $132.64.

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.