Securian Asset Management Inc. Sells 100 Shares of The J. M. Smucker Company (NYSE:SJM)

Securian Asset Management Inc. cut its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 1.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,577 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in J. M. Smucker were worth $660,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in J. M. Smucker in the fourth quarter valued at $27,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker in the 4th quarter worth about $28,000. Cooksen Wealth LLC bought a new position in J. M. Smucker in the 1st quarter worth about $33,000. Measured Risk Portfolios Inc. acquired a new stake in J. M. Smucker during the fourth quarter valued at approximately $29,000. Finally, Menard Financial Group LLC acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $46,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director directly owned 3,825 shares of the company’s stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Up 1.2%

SJM stock opened at $108.87 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The company has a 50-day moving average of $105.48 and a two-hundred day moving average of $108.54. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of -9.42, a price-to-earnings-growth ratio of 8.11 and a beta of 0.31.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $2.66 earnings per share. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $1.10 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, August 15th. J. M. Smucker’s payout ratio is currently -37.37%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and decreased their target price for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. UBS Group dropped their price objective on shares of J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Barclays lowered their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 11th. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.33.

About J. M. Smucker

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.