Hengehold Capital Management LLC Buys 197 Shares of The J. M. Smucker Company (NYSE:SJM)

Hengehold Capital Management LLC lifted its stake in The J. M. Smucker Company (NYSE:SJM) by 6.6% during the first quarter, Holdings Channel reports. The fund owned 3,165 shares of the company’s stock after acquiring an additional 197 shares during the quarter. Hengehold Capital Management LLC’s holdings in J. M. Smucker were worth $375,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SJM. Vanguard Group Inc. lifted its holdings in shares of J. M. Smucker by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock worth $1,469,544,000 after acquiring an additional 130,533 shares during the period. FMR LLC lifted its stake in shares of J. M. Smucker by 11.3% during the fourth quarter. FMR LLC now owns 3,734,305 shares of the company’s stock valued at $411,222,000 after acquiring an additional 380,309 shares during the period. Geode Capital Management LLC lifted its stake in shares of J. M. Smucker by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock valued at $286,664,000 after acquiring an additional 58,231 shares during the period. Invesco Ltd. lifted its stake in shares of J. M. Smucker by 21.0% during the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock valued at $265,942,000 after acquiring an additional 418,878 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in J. M. Smucker by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company’s stock valued at $221,232,000 after buying an additional 33,758 shares during the period. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director now owns 3,825 shares of the company’s stock, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SJM. Stifel Nicolaus cut their target price on J. M. Smucker from $120.00 to $106.00 and set a “hold” rating on the stock in a research note on Wednesday. Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $118.00 to $115.00 in a report on Wednesday. Citigroup decreased their price target on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays decreased their price target on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group reduced their target price on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $115.80.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $95.73 on Friday. The company has a market cap of $10.19 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 52 week low of $93.93 and a 52 week high of $125.42. The business has a 50 day moving average price of $112.29 and a 200-day moving average price of $110.66. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.06. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $2.66 earnings per share. J. M. Smucker’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $1.08 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.51%. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.37%.

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.