Barclays PLC Acquires 10,178 Shares of The J. M. Smucker Company (NYSE:SJM)

Barclays PLC lifted its holdings in The J. M. Smucker Company (NYSE:SJMGet Rating) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,150 shares of the company’s stock after purchasing an additional 10,178 shares during the period. Barclays PLC’s holdings in J. M. Smucker were worth $14,862,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SJM. Jones Financial Companies Lllp lifted its stake in shares of J. M. Smucker by 63.9% in the 2nd quarter. Jones Financial Companies Lllp now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 78 shares during the period. Klaas Financial Asset Advisors LLC purchased a new stake in J. M. Smucker in the 3rd quarter worth approximately $27,000. Eagle Bay Advisors LLC purchased a new stake in J. M. Smucker in the 2nd quarter worth approximately $27,000. Center for Financial Planning Inc. increased its holdings in J. M. Smucker by 20,000.0% in the 3rd quarter. Center for Financial Planning Inc. now owns 201 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Finally, Clear Street Markets LLC increased its holdings in J. M. Smucker by 415.9% in the 2nd quarter. Clear Street Markets LLC now owns 227 shares of the company’s stock worth $29,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 79.21% of the company’s stock.

J. M. Smucker Stock Performance

SJM stock opened at $149.60 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.43. The business has a 50-day moving average price of $154.34 and a 200 day moving average price of $144.62. The company has a market capitalization of $15.94 billion, a P/E ratio of 28.07, a PEG ratio of 5.16 and a beta of 0.23. The J. M. Smucker Company has a 1-year low of $119.82 and a 1-year high of $163.07.

J. M. Smucker (NYSE:SJMGet Rating) last released its quarterly earnings data on Monday, November 21st. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.21. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a return on equity of 11.31% and a net margin of 7.01%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 earnings per share. As a group, equities research analysts forecast that The J. M. Smucker Company will post 8.68 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $4.08 annualized dividend and a yield of 2.73%. J. M. Smucker’s dividend payout ratio (DPR) is presently 76.55%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of J. M. Smucker from $153.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, November 22nd. StockNews.com assumed coverage on shares of J. M. Smucker in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley raised shares of J. M. Smucker from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $135.00 to $158.00 in a report on Tuesday, December 20th. BNP Paribas assumed coverage on shares of J. M. Smucker in a report on Tuesday, November 15th. They set an “underperform” rating and a $138.00 price objective for the company. Finally, UBS Group increased their price objective on shares of J. M. Smucker to $128.00 in a report on Monday, November 21st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.00.

J. M. Smucker Company Profile

(Get Rating)

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, shortening and oils, and 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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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