J. M. Smucker (NYSE:SJM) Sees Large Volume Increase

The J. M. Smucker Company (NYSE:SJM) shares saw an uptick in trading volume on Monday . 849,357 shares changed hands during trading, a decline of 32% from the previous session’s volume of 1,242,819 shares.The stock last traded at $117.42 and had previously closed at $118.46.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Argus lowered their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Barclays dropped their price target on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. TD Cowen reduced their price objective on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, DA Davidson reduced their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.64.

J. M. Smucker Stock Up 0.8 %

The company has a market cap of $12.57 billion, a PE ratio of 16.62, a PEG ratio of 2.37 and a beta of 0.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The firm has a fifty day simple moving average of $114.15 and a 200 day simple moving average of $117.59.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. J. M. Smucker’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.64 earnings per share. Equities research analysts predict that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Friday, August 16th. J. M. Smucker’s dividend payout ratio is presently 60.67%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC boosted its position in J. M. Smucker by 300.0% during the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. Advantage Trust Co acquired a new position in shares of J. M. Smucker during the fourth quarter worth about $25,000. Studio Investment Management LLC purchased a new stake in shares of J. M. Smucker in the second quarter worth about $26,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at about $33,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at about $35,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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.