TFO Wealth Partners LLC Grows Stock Position in The J. M. Smucker Company (NYSE:SJM)

TFO Wealth Partners LLC raised its stake in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 41,400.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,245 shares of the company’s stock after buying an additional 1,242 shares during the period. TFO Wealth Partners LLC’s holdings in J. M. Smucker were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SJM. Atria Investments Inc raised its stake in shares of J. M. Smucker by 4.4% during the 3rd quarter. Atria Investments Inc now owns 8,937 shares of the company’s stock valued at $1,099,000 after buying an additional 375 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of J. M. Smucker in the 3rd quarter valued at about $750,000. Kingsview Wealth Management LLC increased its stake in shares of J. M. Smucker by 11.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,148 shares of the company’s stock valued at $264,000 after purchasing an additional 223 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of J. M. Smucker by 5.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 3,480 shares of the company’s stock valued at $428,000 after purchasing an additional 190 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of J. M. Smucker by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,882 shares of the company’s stock valued at $231,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Wednesday, February 28th. 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. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Citigroup decreased their price objective on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Finally, Barclays upped their price objective on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus target price of $136.07.

Read Our Latest Analysis on SJM

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $111.70 on Wednesday. The J. M. Smucker Company has a twelve month low of $106.32 and a twelve month high of $156.03. The stock’s fifty day simple moving average is $114.55 and its 200-day simple moving average is $120.77. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Thursday, May 16th. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

About J. M. Smucker

(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

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

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