Mutual Advisors LLC Purchases 4,610 Shares of The J. M. Smucker Company (NYSE:SJM)

Mutual Advisors LLC grew its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 205.7% during the 4th quarter, HoldingsChannel reports. The firm owned 6,851 shares of the company’s stock after purchasing an additional 4,610 shares during the quarter. Mutual Advisors LLC’s holdings in J. M. Smucker were worth $866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SJM. Intrepid Capital Management Inc. acquired a new position in J. M. Smucker in the second quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $27,000. Clear Street Markets LLC grew its position in shares of J. M. Smucker by 97.2% in the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Sunbelt Securities Inc. bought a new stake in J. M. Smucker during the 1st quarter worth approximately $33,000. Finally, West Tower Group LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $35,000. 81.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SJM shares. Barclays increased their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. TD Cowen increased their target price on J. M. Smucker from $133.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. DA Davidson assumed coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target on the stock. upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on J. M. Smucker from $125.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, December 6th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.20.

View Our Latest Stock Analysis on J. M. Smucker

J. M. Smucker Stock Down 0.3 %

Shares of NYSE:SJM opened at $123.28 on Wednesday. The company has a 50-day simple moving average of $126.11 and a 200 day simple moving average of $121.83. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 52-week low of $107.33 and a 52-week high of $159.92.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. J. M. Smucker’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.21 EPS. Research analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio (DPR) is -481.81%.

J. M. Smucker Profile

(Free Report)

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.

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

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