M Holdings Securities Inc. Makes New $214,000 Investment in The J. M. Smucker Company (NYSE:SJM)

M Holdings Securities Inc. purchased a new stake in The J. M. Smucker Company (NYSE:SJMGet Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,579 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently made changes to their positions in SJM. State Street Corp boosted its stake in shares of J. M. Smucker by 7.5% in the 4th quarter. State Street Corp now owns 8,032,129 shares of the company’s stock valued at $1,090,924,000 after purchasing an additional 561,132 shares in the last quarter. CWM LLC boosted its stake in shares of J. M. Smucker by 15,770.4% in the 1st quarter. CWM LLC now owns 211,552 shares of the company’s stock valued at $28,646,000 after purchasing an additional 210,219 shares in the last quarter. National Pension Service boosted its stake in shares of J. M. Smucker by 1,012.2% in the 1st quarter. National Pension Service now owns 192,636 shares of the company’s stock valued at $26,085,000 after purchasing an additional 175,315 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of J. M. Smucker by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after purchasing an additional 162,944 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of J. M. Smucker by 67.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 363,048 shares of the company’s stock valued at $49,309,000 after purchasing an additional 146,180 shares in the last quarter. 79.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at J. M. Smucker

In related news, insider Jill R. Penrose sold 4,543 shares of J. M. Smucker stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the completion of the sale, the insider now owns 9,106 shares of the company’s stock, valued at approximately $1,282,397.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other J. M. Smucker news, insider Jill R. Penrose sold 4,543 shares of J. M. Smucker stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $140.83, for a total transaction of $639,790.69. Following the completion of the transaction, the insider now owns 9,106 shares in the company, valued at approximately $1,282,397.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy C. Held sold 8,701 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $143.39, for a total value of $1,247,636.39. Following the completion of the sale, the insider now directly owns 3,916 shares of the company’s stock, valued at $561,515.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,019 shares of company stock valued at $8,995,996. Company insiders own 3.90% of the company’s stock.

J. M. Smucker Stock Down 0.2 %

J. M. Smucker stock opened at $138.88 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.45 and a current ratio of 1.05. The J. M. Smucker Company has a 52-week low of $119.09 and a 52-week high of $146.74. The firm has a 50 day moving average price of $136.14 and a two-hundred day moving average price of $133.88. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 5.87 and a beta of 0.22.

J. M. Smucker (NYSE:SJMGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.27. J. M. Smucker had a net margin of 7.33% and a return on equity of 11.38%. During the same period in the previous year, the business earned $1.90 earnings per share. Equities analysts predict that The J. M. Smucker Company will post 8.54 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a $1.02 dividend. The ex-dividend date was Thursday, August 11th. This represents a $4.08 annualized dividend and a yield of 2.94%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $0.99. J. M. Smucker’s dividend payout ratio is presently 75.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SJM shares. Consumer Edge downgraded shares of J. M. Smucker from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 16th. Morgan Stanley raised their price objective on shares of J. M. Smucker from $117.00 to $132.00 and gave the company an “underweight” rating in a report on Wednesday, August 24th. Stifel Nicolaus raised their price objective on shares of J. M. Smucker from $140.00 to $148.00 in a report on Wednesday, August 24th. Citigroup raised their price objective on shares of J. M. Smucker to $137.00 in a report on Thursday, June 9th. Finally, UBS Group raised their price objective on shares of J. M. Smucker from $122.00 to $127.00 and gave the company a “sell” rating in a report on Wednesday, August 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, J. M. Smucker has an average rating of “Hold” and an average target price of $138.82.

J. M. Smucker Company Profile

(Get Rating)

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, shortening and oils, and 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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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