The J. M. Smucker Company (NYSE:SJM) Stock Holdings Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,480 shares of the company’s stock after buying an additional 190 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in J. M. Smucker were worth $428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wambolt & Associates LLC boosted its stake in shares of J. M. Smucker by 1.7% during the 2nd quarter. Wambolt & Associates LLC now owns 4,009 shares of the company’s stock worth $592,000 after acquiring an additional 66 shares in the last quarter. Heron Financial Group LLC grew its holdings in J. M. Smucker by 1.2% during the second quarter. Heron Financial Group LLC now owns 5,716 shares of the company’s stock valued at $844,000 after purchasing an additional 70 shares during the last quarter. Kinneret Advisory LLC raised its position in shares of J. M. Smucker by 2.3% in the first quarter. Kinneret Advisory LLC now owns 3,302 shares of the company’s stock valued at $447,000 after purchasing an additional 74 shares during the period. MAI Capital Management lifted its stake in shares of J. M. Smucker by 0.8% in the second quarter. MAI Capital Management now owns 10,662 shares of the company’s stock worth $1,574,000 after buying an additional 85 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in shares of J. M. Smucker by 3.7% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,382 shares of the company’s stock worth $375,000 after buying an additional 86 shares during the period. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SJM. Stifel Nicolaus lifted their target price on shares of J. M. Smucker from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Sanford C. Bernstein upgraded J. M. Smucker from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $123.00 to $119.00 in a research note on Tuesday, November 14th. Citigroup assumed coverage on J. M. Smucker in a research report on Thursday, February 1st. They issued a “buy” rating and a $153.00 price target on the stock. Morgan Stanley restated an “equal weight” rating and issued a $122.00 price objective on shares of J. M. Smucker in a research note on Wednesday, December 6th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $138.07.

Check Out Our Latest Stock Analysis on SJM

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $124.53, for a total value of $186,795.00. Following the transaction, the chief financial officer now directly owns 10,126 shares of the company’s stock, valued at approximately $1,260,990.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Tarang Amin bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $125.05 per share, with a total value of $125,050.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $125,050. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Tucker H. Marshall sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $124.53, for a total transaction of $186,795.00. Following the transaction, the chief financial officer now owns 10,126 shares in the company, valued at $1,260,990.78. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

J. M. Smucker Stock Down 0.4 %

Shares of SJM opened at $131.09 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.20 and a quick ratio of 2.61. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92. The stock has a 50 day simple moving average of $126.83 and a 200-day simple moving average of $127.23.

J. M. Smucker (NYSE:SJMGet Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.12. J. M. Smucker had a positive return on equity of 13.57% and a negative net margin of 0.17%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $2.40 earnings per share. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.52 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 16th will be paid a dividend of $1.06 per share. The ex-dividend date is Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.23%. J. M. Smucker’s dividend payout ratio is -7,066.67%.

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.

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

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