Mitchell Sinkler & Starr PA Takes $292,000 Position in The J. M. Smucker Company (NYSE:SJM)

Mitchell Sinkler & Starr PA acquired a new stake in The J. M. Smucker Company (NYSE:SJM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,425 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors also recently modified their holdings of SJM. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker in the 2nd quarter valued at $26,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Rothschild Investment LLC bought a new stake in shares of J. M. Smucker during the 2nd quarter valued at $42,000. Principal Securities Inc. bought a new stake in J. M. Smucker in the fourth quarter valued at about $43,000. Finally, Central Valley Advisors LLC bought a new position in J. M. Smucker during the 2nd quarter worth approximately $45,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 1.0 %

J. M. Smucker stock opened at $118.97 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The stock has a 50-day simple moving average of $117.40 and a 200 day simple moving average of $116.27. The stock has a market capitalization of $12.66 billion, a P/E ratio of 16.71, a PEG ratio of 3.19 and a beta of 0.24. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the company posted $2.21 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts expect that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a dividend of $1.08 per share. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.63%. J. M. Smucker’s payout ratio is presently 60.67%.

Insider Activity at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 78,757 shares in the company, valued at $8,675,871.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson reaffirmed a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Argus lowered their target price on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Citigroup lowered their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, TD Cowen lowered their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $127.25.

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.