Kestra Private Wealth Services LLC Makes New $269,000 Investment in The J. M. Smucker Company (NYSE:SJM)

Kestra Private Wealth Services LLC acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJMGet Rating) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 1,986 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds also recently made changes to their positions in SJM. MUFG Americas Holdings Corp raised its holdings in J. M. Smucker by 93.0% during the first quarter. MUFG Americas Holdings Corp now owns 193 shares of the company’s stock valued at $26,000 after acquiring an additional 93 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in J. M. Smucker in the 1st quarter worth approximately $27,000. Herold Advisors Inc. bought a new position in J. M. Smucker in the 1st quarter worth approximately $27,000. MCF Advisors LLC purchased a new stake in J. M. Smucker during the 1st quarter valued at approximately $28,000. Finally, Okabena Investment Services Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $32,000. 79.56% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $140.51 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.45 and a debt-to-equity ratio of 0.53. The J. M. Smucker Company has a 12 month low of $119.09 and a 12 month high of $146.74. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 5.92 and a beta of 0.22. The firm’s 50-day moving average is $136.52 and its 200 day moving average is $134.01.

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

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were issued a dividend of $1.02 per share. This is a positive change from J. M. Smucker’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $4.08 dividend on an annualized basis and a yield of 2.90%. J. M. Smucker’s dividend payout ratio (DPR) is presently 75.00%.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of J. M. Smucker from $140.00 to $148.00 in a research note on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft boosted their target price on J. M. Smucker from $131.00 to $143.00 in a research report on Wednesday, August 24th. Consumer Edge cut J. M. Smucker from an “equal weight” rating to an “underweight” rating in a report on Thursday, June 16th. Bank of America raised J. M. Smucker from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $155.00 in a report on Wednesday, August 17th. Finally, Morgan Stanley raised their target price 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $138.82.

Insider Buying and Selling at J. M. Smucker

In other news, Director Richard K. Smucker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $142.28, for a total transaction of $2,845,600.00. Following the transaction, the director now directly owns 631,010 shares of the company’s stock, valued at $89,780,102.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Tucker H. Marshall sold 19,775 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.25, for a total value of $2,832,768.75. Following the completion of the sale, the chief financial officer now owns 7,668 shares in the company, valued at approximately $1,098,441. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard K. Smucker sold 20,000 shares of J. M. Smucker stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $142.28, for a total transaction of $2,845,600.00. Following the transaction, the director now directly owns 631,010 shares in the company, valued at $89,780,102.80. The disclosure for this sale can be found here. Insiders sold a total of 63,019 shares of company stock valued at $8,995,996 in the last three months. Company insiders own 3.70% of the company’s stock.

J. M. Smucker 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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