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

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

A number of other large investors have also added to or reduced their stakes in SJM. Studio Investment Management LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at $26,000. Cooksen Wealth LLC bought a new position in shares of J. M. Smucker in the fourth quarter worth $33,000. Rothschild Investment LLC bought a new position in shares of J. M. Smucker in the second quarter worth $42,000. Principal Securities Inc. acquired a new position in J. M. Smucker in the fourth quarter valued at about $43,000. Finally, Central Valley Advisors LLC bought a new stake in J. M. Smucker during the second quarter worth about $45,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $118.97 on Wednesday. The business’s 50-day moving average price is $117.40 and its 200-day moving average price is $116.27. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 3.19 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last posted 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. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned $2.21 EPS. Equities research analysts forecast that The J. M. Smucker Company will post 9.82 EPS 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 given a dividend of $1.08 per share. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on SJM. TD Cowen decreased their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. Barclays cut their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Citigroup decreased their price target on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Argus dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $127.25.

Insiders Place Their Bets

In related news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

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.