Tarang Amin Buys 1,050 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) Director Tarang Amin bought 1,050 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the transaction, the director now owns 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $95.73 on Friday. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm has a 50 day simple moving average of $112.29 and a 200 day simple moving average of $110.71. The J. M. Smucker Company has a one year low of $93.93 and a one year high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.25 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 EPS. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.51%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s payout ratio is -37.37%.

Hedge Funds Weigh In On J. M. Smucker

Several institutional investors and hedge funds have recently added to or reduced their stakes in SJM. Vanguard Group Inc. increased its position in J. M. Smucker by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock valued at $1,469,544,000 after acquiring an additional 130,533 shares during the period. FMR LLC increased its position in J. M. Smucker by 11.3% in the 4th quarter. FMR LLC now owns 3,734,305 shares of the company’s stock valued at $411,222,000 after acquiring an additional 380,309 shares during the period. Invesco Ltd. increased its position in J. M. Smucker by 8.6% in the 1st quarter. Invesco Ltd. now owns 2,623,254 shares of the company’s stock valued at $310,620,000 after acquiring an additional 208,231 shares during the period. Geode Capital Management LLC increased its position in J. M. Smucker by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock valued at $286,664,000 after acquiring an additional 58,231 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock valued at $267,252,000 after acquiring an additional 248,110 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the topic of a number of analyst reports. Morgan Stanley restated an “overweight” rating and set a $124.00 target price (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Bank of America cut their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company cut their price target on shares of J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays cut their price target on shares of J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Wall Street Zen raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.80.

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.