The J. M. Smucker Company (NYSE:SJM) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,134 shares of the company’s stock after purchasing an additional 801 shares during the period. Congress Wealth Management LLC DE’s holdings in J. M. Smucker were worth $345,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in J. M. Smucker by 21.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 84,462 shares of the company’s stock worth $10,228,000 after purchasing an additional 15,092 shares in the last quarter. FMR LLC raised its holdings in shares of J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after acquiring an additional 958,142 shares during the period. Townsquare Capital LLC lifted its position in shares of J. M. Smucker by 14.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,358 shares of the company’s stock valued at $286,000 after acquiring an additional 298 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in J. M. Smucker by 12.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,120 shares of the company’s stock worth $862,000 after purchasing an additional 764 shares during the period. Finally, Public Sector Pension Investment Board grew its position in J. M. Smucker by 14.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,618 shares of the company’s stock worth $559,000 after purchasing an additional 600 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by company insiders.

J. M. Smucker Price Performance

NYSE SJM opened at $116.13 on Friday. The company has a 50 day moving average price of $108.21 and a two-hundred day moving average price of $112.20. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.75. The stock has a market capitalization of $12.36 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. 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 quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio is -179.25%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SJM shares. DA Davidson decreased their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday. Barclays lowered their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Morgan Stanley initiated coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.67.

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.