The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Prudential PLC

Prudential PLC boosted its stake in The J. M. Smucker Company (NYSE:SJMGet Rating) by 18.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,534 shares of the company’s stock after acquiring an additional 2,839 shares during the period. Prudential PLC’s holdings in J. M. Smucker were worth $2,510,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its stake in J. M. Smucker by 1.7% during the first quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock valued at $45,980,000 after purchasing an additional 5,531 shares during the last quarter. Aviva PLC increased its stake in J. M. Smucker by 147.6% during the first quarter. Aviva PLC now owns 106,747 shares of the company’s stock valued at $14,455,000 after purchasing an additional 63,634 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in J. M. Smucker by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock valued at $1,963,000 after purchasing an additional 898 shares during the last quarter. Panagora Asset Management Inc. increased its stake in J. M. Smucker by 7.0% during the first quarter. Panagora Asset Management Inc. now owns 62,608 shares of the company’s stock valued at $8,478,000 after purchasing an additional 4,093 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in J. M. Smucker by 0.9% during the first quarter. Quantinno Capital Management LP now owns 10,097 shares of the company’s stock valued at $1,367,000 after purchasing an additional 88 shares during the last quarter. 79.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Consumer Edge lowered shares of J. M. Smucker from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 16th. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and upped their price target for the stock from $145.00 to $155.00 in a research report on Wednesday, August 17th. UBS Group upped their price target on shares of J. M. Smucker from $122.00 to $127.00 and gave the stock a “sell” rating in a research report on Wednesday, August 24th. Morgan Stanley increased their target price on shares of J. M. Smucker from $117.00 to $132.00 and gave the company an “underweight” rating in a research report on Wednesday, August 24th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of J. M. Smucker from $131.00 to $143.00 in a research report on Wednesday, August 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $138.82.

Insider Activity

In related news, Director Richard K. Smucker sold 20,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $142.28, for a total value of $2,845,600.00. Following the completion of the transaction, the director now directly owns 631,010 shares of the company’s stock, valued at $89,780,102.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other J. M. Smucker news, insider Amy C. Held sold 8,701 shares of J. M. Smucker stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $143.39, for a total transaction of $1,247,636.39. Following the completion of the transaction, the insider now directly owns 3,916 shares of the company’s stock, valued at $561,515.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard K. Smucker sold 20,000 shares of J. M. Smucker stock in a transaction on Friday, August 26th. The shares were sold at an average price of $142.28, for a total value of $2,845,600.00. Following the transaction, the director now directly owns 631,010 shares of the company’s stock, valued at $89,780,102.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,476 shares of company stock valued at $8,356,205. 3.90% of the stock is owned by company insiders.

J. M. Smucker Price Performance

Shares of SJM opened at $138.64 on Friday. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 5.85 and a beta of 0.22. The J. M. Smucker Company has a fifty-two week low of $119.09 and a fifty-two week high of $146.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 0.45. The business’s 50-day moving average is $135.21 and its 200-day moving average is $133.65.

J. M. Smucker (NYSE:SJMGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.27. J. M. Smucker had a return on equity of 11.38% and a net margin of 7.33%. During the same period in the prior year, the company earned $1.90 EPS. Equities research analysts expect that The J. M. Smucker Company will post 8.55 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.94%. This is a boost from J. M. Smucker’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Thursday, August 11th. J. M. Smucker’s dividend payout ratio is currently 75.00%.

About J. M. Smucker

(Get Rating)

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, shortening and oils, and 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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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