Planned Solutions Inc. Acquires Shares of 463 The J. M. Smucker Company (NYSE:SJM)

Planned Solutions Inc. bought a new stake in shares of The J. M. Smucker Company (NYSE:SJMFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 463 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors also recently made changes to their positions in the stock. Intrepid Capital Management Inc. bought a new position in J. M. Smucker in the 2nd quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in shares of J. M. Smucker in the second quarter worth $27,000. Clear Street Markets LLC increased its stake in shares of J. M. Smucker by 97.2% in the first quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of J. M. Smucker in the first quarter worth $33,000. Finally, West Tower Group LLC acquired a new position in J. M. Smucker during the second quarter worth $35,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Up 0.1 %

Shares of SJM opened at $125.83 on Friday. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92. The firm’s 50 day moving average is $125.94 and its 200-day moving average is $121.88. The stock has a market capitalization of $13.36 billion, a PE ratio of -142.99, a P/E/G ratio of 2.01 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business posted $2.21 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio is presently -481.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SJM. DA Davidson initiated coverage on J. M. Smucker in a research report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of J. M. Smucker in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 target price for the company. Barclays increased their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. TD Cowen increased their target price on shares of J. M. Smucker from $133.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $137.20.

Get Our Latest Stock Analysis on SJM

Insider Buying and Selling at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

About J. M. Smucker

(Free Report)

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.

Further Reading

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

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