Robeco Institutional Asset Management B.V. Takes $1.45 Million Position in The J. M. Smucker Company (NYSE:SJM)

Robeco Institutional Asset Management B.V. purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,263 shares of the company’s stock, valued at approximately $1,452,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SJM. Norges Bank bought a new position in shares of J. M. Smucker in the 4th quarter valued at $112,978,000. LSV Asset Management increased its stake in shares of J. M. Smucker by 3,599.5% in the 4th quarter. LSV Asset Management now owns 929,400 shares of the company’s stock valued at $102,346,000 after purchasing an additional 904,278 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of J. M. Smucker by 76.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock valued at $118,808,000 after purchasing an additional 468,200 shares during the last quarter. FIL Ltd increased its stake in shares of J. M. Smucker by 87.8% in the 4th quarter. FIL Ltd now owns 925,000 shares of the company’s stock valued at $101,861,000 after purchasing an additional 432,500 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of J. M. Smucker by 21.0% in the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock valued at $265,942,000 after purchasing an additional 418,878 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SJM. Morgan Stanley restated an “overweight” rating and set a $124.00 price objective (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. 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 report on Tuesday, March 11th. 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 report on Wednesday, June 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 report on Wednesday, June 11th. Finally, UBS Group reduced their price target on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.80.

J. M. Smucker Trading Up 4.8%

NYSE SJM opened at $102.87 on Wednesday. The firm has a market capitalization of $10.96 billion, a PE ratio of -8.90, a price-to-earnings-growth ratio of 7.50 and a beta of 0.31. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $107.81 and its two-hundred day moving average price is $109.04. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 EPS. On average, analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s dividend payout ratio is -37.37%.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director directly owned 3,825 shares of the company’s stock, valued at $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

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.