SG Americas Securities LLC Purchases 2,347 Shares of The J. M. Smucker Company (NYSE:SJM)

SG Americas Securities LLC boosted its position in The J. M. Smucker Company (NYSE:SJM) by 9.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,651 shares of the company’s stock after acquiring an additional 2,347 shares during the quarter. SG Americas Securities LLC’s holdings in J. M. Smucker were worth $3,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in J. M. Smucker by 1.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 73,222 shares of the company’s stock valued at $8,100,000 after acquiring an additional 1,303 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of J. M. Smucker by 39.6% during the fourth quarter. Private Advisor Group LLC now owns 17,471 shares of the company’s stock valued at $1,924,000 after buying an additional 4,960 shares during the last quarter. Sandy Spring Bank grew its stake in shares of J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after buying an additional 396 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of J. M. Smucker by 124.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company’s stock valued at $1,471,000 after buying an additional 7,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of J. M. Smucker by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock valued at $110,455,000 after buying an additional 12,410 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $95.73 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $112.29 and a 200-day moving average of $110.71. The firm has a market cap of $10.19 billion, a P/E ratio of 19.38, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $93.93 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 earnings per share. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.51%. J. M. Smucker’s dividend payout ratio is currently -37.37%.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the acquisition, the director now directly owns 3,825 shares of the company’s stock, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised J. M. Smucker from a “hold” rating to a “buy” rating and reduced their price objective for the company from $118.00 to $115.00 in a research note on Wednesday. Stifel Nicolaus reduced their price objective on J. M. Smucker from $120.00 to $106.00 and set a “hold” rating on the stock in a research note on Wednesday. DA Davidson reduced their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Citigroup reduced their price objective on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, UBS Group reduced their price objective on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.80.

J. M. Smucker 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.