The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 20.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,633 shares of the company’s stock after acquiring an additional 18,213 shares during the period. Janney Montgomery Scott LLC owned 0.10% of J. M. Smucker worth $13,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SJM. Sound View Wealth Advisors Group LLC boosted its position in J. M. Smucker by 1.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after buying an additional 81 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in shares of J. M. Smucker by 7.3% in the 4th quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after acquiring an additional 83 shares during the last quarter. Czech National Bank increased its stake in shares of J. M. Smucker by 0.5% in the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after acquiring an additional 88 shares during the period. First National Trust Co raised its holdings in shares of J. M. Smucker by 4.9% during the fourth quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after purchasing an additional 99 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of J. M. Smucker by 0.7% during the first quarter. Fifth Third Bancorp now owns 13,766 shares of the company’s stock worth $1,733,000 after purchasing an additional 100 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SJM. Citigroup upped their target price on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. DA Davidson cut their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, June 10th. TD Cowen decreased their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Argus dropped their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Finally, StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $132.64.

Check Out Our Latest Stock Analysis on SJM

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $109.89 on Monday. The stock has a market capitalization of $11.67 billion, a P/E ratio of 15.43, a PEG ratio of 2.20 and a beta of 0.25. The business has a 50 day simple moving average of $111.79 and a two-hundred day simple moving average of $119.75. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $153.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly earnings data on Thursday, June 6th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $2.64 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $1.06 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.86%. J. M. Smucker’s payout ratio is 59.55%.

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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