Valeo Financial Advisors LLC Makes New $225,000 Investment in The J. M. Smucker Company (NYSE:SJM)

Valeo Financial Advisors LLC purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,777 shares of the company’s stock, valued at approximately $225,000.

Other large investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new stake in J. M. Smucker during the 2nd quarter worth about $27,000. Clear Street Markets LLC increased its holdings in J. M. Smucker by 97.2% during the 1st quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of J. M. Smucker in the 1st quarter valued at about $33,000. Resurgent Financial Advisors LLC purchased a new position in shares of J. M. Smucker in the 4th quarter valued at about $44,000. Finally, Valley National Advisers Inc. increased its holdings in shares of J. M. Smucker by 2,266.7% in the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after acquiring an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on SJM shares. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. 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 objective on the stock. TD Cowen decreased their target price on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Citigroup decreased their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus raised J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.47.

J. M. Smucker Stock Down 0.2 %

J. M. Smucker stock opened at $109.99 on Wednesday. The J. M. Smucker Company has a twelve month low of $107.33 and a twelve month high of $159.92. The stock has a 50 day moving average of $122.18 and a two-hundred day moving average of $120.84. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07.

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

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.85%. 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

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.