Axa S.A. Has $9.01 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

AXA S.A. lifted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,596 shares of the company's stock after purchasing an additional 16,171 shares during the period. AXA S.A. owned about 0.08% of J. M. Smucker worth $9,006,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Tradition Wealth Management LLC increased its stake in shares of J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company's stock worth $154,000 after buying an additional 83 shares during the last quarter. Czech National Bank increased its stake in shares of J. M. Smucker by 0.5% in the first quarter. Czech National Bank now owns 18,676 shares of the company's stock worth $2,351,000 after buying an additional 88 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of J. M. Smucker by 0.7% in the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company's stock worth $1,803,000 after buying an additional 93 shares during the last quarter. State of Michigan Retirement System increased its stake in J. M. Smucker by 0.3% during the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company's stock valued at $3,659,000 after purchasing an additional 100 shares during the last quarter. Finally, PFG Investments LLC increased its stake in J. M. Smucker by 5.9% during the second quarter. PFG Investments LLC now owns 1,959 shares of the company's stock valued at $214,000 after purchasing an additional 109 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

SJM stock traded up $1.28 during trading on Friday, hitting $121.15. The company had a trading volume of 772,735 shares, compared to its average volume of 1,212,378. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 3.11 and a beta of 0.24. The business has a 50 day moving average of $118.93 and a 200 day moving average of $116.16. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week 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.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during 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 company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.21 earnings per share. As a group, research analysts predict that The J. M. Smucker Company will post 9.82 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.57%. This is an increase from J. M. Smucker's previous quarterly dividend of $1.06. The ex-dividend date was Friday, August 16th. J. M. Smucker's dividend payout ratio is presently 60.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SJM. DA Davidson reiterated a "neutral" rating and set a $121.00 target price on shares of J. M. Smucker in a research note on Thursday, August 29th. Citigroup lowered their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Bank of America lowered their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Saturday, September 14th. Finally, BNP Paribas upgraded shares of J. M. Smucker to a "strong sell" rating in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $127.25.

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.