Farther Finance Advisors LLC Acquires 1,554 Shares of The J. M. Smucker Company (NYSE:SJM)

Farther Finance Advisors LLC boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 113.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,923 shares of the company’s stock after purchasing an additional 1,554 shares during the quarter. Farther Finance Advisors LLC’s holdings in J. M. Smucker were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SJM. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of J. M. Smucker during the 4th quarter worth about $27,000. Minot DeBlois Advisors LLC bought a new position in J. M. Smucker during the 4th quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new position in J. M. Smucker during the 4th quarter valued at about $29,000. Finally, Menard Financial Group LLC purchased a new stake in J. M. Smucker in the 4th quarter worth about $46,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.9%

SJM opened at $94.46 on Wednesday. The J. M. Smucker Company has a 12 month low of $93.93 and a 12 month high of $125.42. The stock has a fifty day moving average price of $111.59 and a 200-day moving average price of $110.34. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -8.17, a PEG ratio of 7.29 and a beta of 0.35. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.66 EPS. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.37%.

Insiders Place Their Bets

In related news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tarang Amin bought 1,050 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the transaction, the director now owns 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SJM. Morgan Stanley reaffirmed an “overweight” rating and set a $124.00 target price (up previously from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $120.00 to $106.00 and set a “hold” rating on the stock in a research report on Wednesday, June 11th. UBS Group decreased their price target on shares of J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, June 6th. Wall Street Zen raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Finally, Wells Fargo & Company reduced their price objective on J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $115.80.

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.