Northwestern Mutual Wealth Management Co. Has $6.47 Million Position in The J. M. Smucker Company $SJM

Northwestern Mutual Wealth Management Co. boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 786.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,162 shares of the company’s stock after acquiring an additional 58,701 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.06% of J. M. Smucker worth $6,471,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC raised its stake in J. M. Smucker by 150.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock worth $6,299,000 after acquiring an additional 34,800 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of J. M. Smucker by 13.8% in the third quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after buying an additional 188,868 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of J. M. Smucker in the third quarter valued at $9,444,000. Neo Ivy Capital Management acquired a new stake in shares of J. M. Smucker in the third quarter valued at $997,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at $1,406,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SJM shares. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a research note on Wednesday. BTIG Research started coverage on J. M. Smucker in a research note on Monday, April 13th. They issued a “buy” rating and a $120.00 target price for the company. Wells Fargo & Company lowered their target price on J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Morgan Stanley lowered their target price on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.35.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $103.46 on Friday. The business’s 50-day simple moving average is $97.65 and its 200 day simple moving average is $102.07. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of -8.78, a P/E/G ratio of 6.88 and a beta of 0.25. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 earnings per share. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.03 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.