The J. M. Smucker Company (NYSE:SJM) Shares Bought by Vest Financial LLC

Vest Financial LLC increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 17.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 484,952 shares of the company’s stock after acquiring an additional 71,140 shares during the quarter. Vest Financial LLC’s holdings in J. M. Smucker were worth $53,403,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its holdings in J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after acquiring an additional 310 shares during the last quarter. Nordea Investment Management AB raised its position in J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after purchasing an additional 192,748 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at $1,273,000. Signal Advisors Wealth LLC grew its holdings in shares of J. M. Smucker by 336.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after purchasing an additional 9,982 shares during the period. Finally, FMR LLC increased its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after purchasing an additional 958,142 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 0.1 %

J. M. Smucker stock opened at $103.27 on Friday. The firm has a market capitalization of $10.99 billion, a P/E ratio of 20.90, a P/E/G ratio of 3.15 and a beta of 0.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a twelve month low of $99.81 and a twelve month high of $133.23. The stock’s fifty day simple moving average is $108.61 and its 200-day simple moving average is $114.46.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.59 EPS. As a group, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SJM. Barclays lowered their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Stifel Nicolaus lowered their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $126.78.

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.