M Holdings Securities Inc. Makes New $214,000 Investment in The J. M. Smucker Company (NYSE:SJM)

M Holdings Securities Inc. bought a new position in The J. M. Smucker Company (NYSE:SJMGet Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 1,579 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SJM. State Street Corp raised its holdings in J. M. Smucker by 7.5% during the 4th quarter. State Street Corp now owns 8,032,129 shares of the company’s stock valued at $1,090,924,000 after acquiring an additional 561,132 shares during the period. CWM LLC raised its stake in shares of J. M. Smucker by 15,770.4% during the 1st quarter. CWM LLC now owns 211,552 shares of the company’s stock valued at $28,646,000 after purchasing an additional 210,219 shares during the period. National Pension Service lifted its holdings in J. M. Smucker by 1,012.2% during the 1st 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 in the last quarter. Vanguard Group Inc. boosted its stake in J. M. Smucker by 1.3% in the 1st 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. Finally, Goldman Sachs Group Inc. grew its holdings in J. M. Smucker by 67.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 363,048 shares of the company’s stock valued at $49,309,000 after buying an additional 146,180 shares in the last quarter. Institutional investors own 79.56% of the company’s stock.

J. M. Smucker Trading Down 0.2 %

Shares of SJM opened at $138.88 on Monday. The J. M. Smucker Company has a fifty-two week low of $119.09 and a fifty-two week high of $146.74. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 5.87 and a beta of 0.22. The firm has a 50 day moving average price of $136.14 and a 200-day moving average price of $133.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.45 and a current ratio of 1.05.

J. M. Smucker (NYSE:SJMGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.27. J. M. Smucker had a net margin of 7.33% and a return on equity of 11.38%. During the same period in the prior year, the firm earned $1.90 earnings per share. As a group, equities research analysts forecast that The J. M. Smucker Company will post 8.54 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were given a $1.02 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $4.08 annualized dividend and a yield of 2.94%. This is an increase from J. M. Smucker’s previous quarterly dividend of $0.99. J. M. Smucker’s payout ratio is presently 75.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of J. M. Smucker from $140.00 to $148.00 in a research report on Wednesday, August 24th. Morgan Stanley boosted their price target on shares of J. M. Smucker from $117.00 to $132.00 and gave the company an “underweight” rating in a research report on Wednesday, August 24th. Credit Suisse Group increased their price objective on J. M. Smucker from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 24th. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and upped their target price for the stock from $145.00 to $155.00 in a research note on Wednesday, August 17th. Finally, Citigroup lifted their price target on J. M. Smucker to $137.00 in a research report on Thursday, June 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $138.82.

Insider Activity

In related news, Director Richard K. Smucker sold 20,000 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $142.28, for a total transaction of $2,845,600.00. Following the completion of the sale, the director now directly owns 631,010 shares in the company, valued at approximately $89,780,102.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard K. Smucker sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $142.28, for a total value of $2,845,600.00. Following the sale, the director now directly owns 631,010 shares of the company’s stock, valued at $89,780,102.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 19,775 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.25, for a total value of $2,832,768.75. Following the transaction, the chief financial officer now owns 7,668 shares in the company, valued at approximately $1,098,441. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,019 shares of company stock valued at $8,995,996. 3.90% of the stock is currently owned by company insiders.

J. M. Smucker Company Profile

(Get Rating)

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, shortening and oils, and 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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