Vanguard Personalized Indexing Management LLC Has $1.27 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Vanguard Personalized Indexing Management LLC trimmed its stake in The J. M. Smucker Company (NYSE:SJMFree Report) by 4.8% in the third quarter, Holdings Channel reports. The firm owned 10,315 shares of the company’s stock after selling 517 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in J. M. Smucker were worth $1,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SJM. Wambolt & Associates LLC grew its position in 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 during the last quarter. Heron Financial Group LLC grew its position in J. M. Smucker by 1.2% during the 2nd quarter. Heron Financial Group LLC now owns 5,716 shares of the company’s stock worth $844,000 after acquiring an additional 70 shares during the last quarter. Kinneret Advisory LLC grew its position in J. M. Smucker by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 3,302 shares of the company’s stock worth $447,000 after acquiring an additional 74 shares during the last quarter. MAI Capital Management grew its position in J. M. Smucker by 0.8% during the 2nd quarter. MAI Capital Management now owns 10,662 shares of the company’s stock worth $1,574,000 after acquiring an additional 85 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. grew its position in J. M. Smucker by 1.0% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 8,327 shares of the company’s stock worth $1,310,000 after acquiring an additional 86 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research reports. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Citigroup initiated 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. Deutsche Bank Aktiengesellschaft upped their price target on J. M. Smucker from $125.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, December 6th. Stifel Nicolaus upped their price target on J. M. Smucker from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Company initiated coverage on J. M. Smucker in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.07.

Get Our Latest Research Report on SJM

Insider Buying and Selling

In related news, 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 directly owns 10,126 shares of the company’s stock, valued at approximately $1,260,990.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, 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 directly owns 10,126 shares of the company’s stock, valued at approximately $1,260,990.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tarang Amin acquired 1,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $125,050. The disclosure for this purchase can be found here. 3.50% of the stock is owned by company insiders.

J. M. Smucker Stock Down 2.4 %

Shares of NYSE:SJM opened at $127.90 on Friday. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of -2,131.67, a P/E/G ratio of 2.13 and a beta of 0.24. 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 business’s 50-day moving average is $127.16 and its 200-day moving average is $126.88. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $2.40 EPS. The firm’s revenue was down 12.1% compared to the same quarter last year. Equities research analysts predict that The J. M. Smucker Company will post 9.52 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 16th will be paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, February 15th. J. M. Smucker’s dividend payout ratio (DPR) is currently -7,066.67%.

J. M. Smucker Company 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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