IFG Advisory LLC Trims Position in The J. M. Smucker Company (NYSE:SJM)

IFG Advisory LLC cut its holdings in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,216 shares of the company’s stock after selling 82 shares during the period. IFG Advisory LLC’s holdings in J. M. Smucker were worth $533,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SJM. Fairfield Bush & CO. grew its stake in J. M. Smucker by 1.5% in the first quarter. Fairfield Bush & CO. now owns 30,551 shares of the company’s stock worth $4,137,000 after purchasing an additional 461 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in J. M. Smucker by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock worth $1,963,000 after purchasing an additional 898 shares during the period. Allianz Asset Management GmbH grew its stake in J. M. Smucker by 1.7% in the first quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock worth $45,980,000 after purchasing an additional 5,531 shares during the period. National Pension Service grew its stake in J. M. Smucker by 1,012.2% in the first quarter. National Pension Service now owns 192,636 shares of the company’s stock worth $26,085,000 after purchasing an additional 175,315 shares during the period. Finally, Vanguard Group Inc. grew its stake in J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after purchasing an additional 162,944 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 0.1 %

Shares of NYSE:SJM opened at $125.83 on Friday. The company has a market cap of $13.36 billion, a P/E ratio of -142.99, a PEG ratio of 2.01 and a beta of 0.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92. The stock’s fifty day moving average price is $125.94 and its 200-day moving average price is $121.88.

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

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio is -481.81%.

Wall Street Analyst Weigh In

SJM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on J. M. Smucker from $125.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, December 6th. Wells Fargo & Company initiated coverage on J. M. Smucker in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 price target on the stock. DA Davidson initiated coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 target price on the stock. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Saturday, March 23rd. Finally, TD Cowen boosted 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $137.20.

Get Our Latest Research Report on SJM

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

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.

See Also

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

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