abrdn plc Raises Position in The J. M. Smucker Company (NYSE:SJM)

abrdn plc lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 67.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,808 shares of the company’s stock after purchasing an additional 18,016 shares during the period. abrdn plc’s holdings in J. M. Smucker were worth $5,663,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. increased its stake in shares of J. M. Smucker by 2,266.7% during the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after purchasing an additional 272 shares during the last quarter. Planned Solutions Inc. bought a new position in J. M. Smucker in the 4th quarter worth approximately $59,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in J. M. Smucker by 23.2% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock worth $65,000 after buying an additional 100 shares during the period. First Horizon Advisors Inc. boosted its holdings in J. M. Smucker by 171.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 535 shares of the company’s stock valued at $66,000 after purchasing an additional 338 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in J. M. Smucker by 364.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 609 shares of the company’s stock valued at $77,000 after purchasing an additional 478 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

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

Wall Street Analyst Weigh In

SJM has been the subject of several analyst reports. TD Cowen cut their price target on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Barclays raised their price target on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average target price of $137.47.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $113.60 on Friday. The company’s fifty day moving average is $120.10 and its 200 day moving average is $120.65. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $159.92. 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:SJM) last issued its earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 EPS. As a group, equities research analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s payout ratio is presently -481.81%.

J. M. Smucker Company Profile

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.