The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,067 shares of the company’s stock after purchasing an additional 101 shares during the quarter. Wealthspire Advisors LLC’s holdings in J. M. Smucker were worth $893,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its holdings in shares of J. M. Smucker by 26.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,496 shares of the company’s stock worth $821,000 after acquiring an additional 1,378 shares during the period. Palisade Asset Management LLC increased its position in shares of J. M. Smucker by 2.4% in the fourth quarter. Palisade Asset Management LLC now owns 5,270 shares of the company’s stock valued at $666,000 after buying an additional 126 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in shares of J. M. Smucker by 3.1% in the 4th quarter. Peddock Capital Advisors LLC now owns 4,713 shares of the company’s stock worth $596,000 after buying an additional 142 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of J. M. Smucker by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 925,082 shares of the company’s stock worth $116,912,000 after buying an additional 63,863 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in J. M. Smucker in the 4th quarter valued at about $237,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 0.6 %

Shares of SJM stock traded up $0.69 on Friday, reaching $114.10. 74,586 shares of the stock were exchanged, compared to its average volume of 1,245,239. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $158.60. The stock has a market cap of $12.12 billion, a P/E ratio of -128.87, a price-to-earnings-growth ratio of 1.69 and a beta of 0.23. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average of $118.20 and a two-hundred day moving average of $120.60.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business posted $2.21 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s payout ratio is currently -481.81%.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. DA Davidson initiated coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 target price for the company. Citigroup lowered their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Barclays increased their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average price target of $137.47.

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.