Family Firm Inc. Purchases New Stake in The J. M. Smucker Company (NYSE:SJM)

Family Firm Inc. acquired a new position in The J. M. Smucker Company (NYSE:SJM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 741 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sound View Wealth Advisors Group LLC grew its stake in J. M. Smucker by 1.6% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after buying an additional 81 shares during the last quarter. Tradition Wealth Management LLC grew its position in shares of J. M. Smucker by 7.3% during the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after acquiring an additional 83 shares during the last quarter. Czech National Bank increased its holdings in shares of J. M. Smucker by 0.5% in the 1st quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after acquiring an additional 88 shares during the period. Resonant Capital Advisors LLC lifted its position in J. M. Smucker by 0.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock valued at $1,803,000 after purchasing an additional 93 shares during the last quarter. Finally, First National Trust Co boosted its stake in J. M. Smucker by 4.9% during the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock valued at $267,000 after purchasing an additional 99 shares during the period. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

Shares of SJM opened at $122.04 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The firm’s 50 day moving average is $115.44 and its 200-day moving average is $117.05. The J. M. Smucker Company has a 12-month low of $105.69 and a 12-month high of $147.48. The stock has a market capitalization of $12.96 billion, a P/E ratio of 17.14, a P/E/G ratio of 2.42 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.34. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.64 earnings per share. Equities research analysts anticipate that The J. M. Smucker Company will post 10.05 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a $1.08 dividend. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.54%. J. M. Smucker’s dividend payout ratio (DPR) is 60.67%.

Analyst Upgrades and Downgrades

SJM has been the topic of several analyst reports. DA Davidson dropped their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. Barclays lowered their target price on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Argus reduced their price target on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. TD Cowen lowered their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.57.

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.