Northwestern Mutual Wealth Management Co. Buys 58,701 Shares of The J. M. Smucker Company $SJM

Northwestern Mutual Wealth Management Co. grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 786.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,162 shares of the company’s stock after buying an additional 58,701 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in J. M. Smucker were worth $6,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in J. M. Smucker during the second quarter worth about $27,000. Root Financial Partners LLC bought a new position in J. M. Smucker during the third quarter worth about $29,000. MUFG Securities EMEA plc bought a new position in J. M. Smucker during the second quarter worth about $31,000. Rothschild Investment LLC boosted its holdings in J. M. Smucker by 100.4% during the third quarter. Rothschild Investment LLC now owns 567 shares of the company’s stock worth $62,000 after buying an additional 284 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in J. M. Smucker by 22.9% during the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after buying an additional 109 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SJM shares. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 target price on shares of J. M. Smucker in a report on Wednesday. Sanford C. Bernstein reduced their target price on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Barclays reduced their target price on J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Finally, Morgan Stanley dropped their price target on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.35.

J. M. Smucker Stock Up 1.5%

Shares of J. M. Smucker stock opened at $103.46 on Friday. The business’s 50 day simple moving average is $97.65 and its 200 day simple moving average is $102.07. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39. The firm has a market cap of $11.03 billion, a PE ratio of -8.78, a P/E/G ratio of 6.88 and a beta of 0.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm earned $2.61 EPS. J. M. Smucker’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that The J. M. Smucker Company will post 9.03 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.