The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Pathstone Family Office LLC

Pathstone Family Office LLC grew its holdings in The J. M. Smucker Company (NYSE:SJMFree Report) by 24.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,445 shares of the company’s stock after purchasing an additional 2,244 shares during the period. Pathstone Family Office LLC’s holdings in J. M. Smucker were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cibc World Markets Corp grew its stake in shares of J. M. Smucker by 131.9% during the second quarter. Cibc World Markets Corp now owns 12,505 shares of the company’s stock worth $1,847,000 after acquiring an additional 7,112 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in J. M. Smucker by 27.8% during the 2nd quarter. Impax Asset Management Group plc now owns 6,572 shares of the company’s stock worth $970,000 after buying an additional 1,431 shares in the last quarter. National Bank of Canada FI lifted its position in shares of J. M. Smucker by 93.2% during the 3rd quarter. National Bank of Canada FI now owns 56,881 shares of the company’s stock worth $6,908,000 after purchasing an additional 27,437 shares during the last quarter. Handelsbanken Fonder AB increased its stake in J. M. Smucker by 7.1% in the second quarter. Handelsbanken Fonder AB now owns 75,541 shares of the company’s stock valued at $11,155,000 after purchasing an additional 4,991 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of J. M. Smucker by 6.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,832 shares of the company’s stock valued at $1,600,000 after buying an additional 633 shares during the last quarter. Institutional investors own 79.08% of the company’s stock.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average price of $125.05 per share, with a total value of $125,050.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $125,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Tucker H. Marshall sold 1,500 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $124.53, for a total value of $186,795.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tarang Amin bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $125.05 per share, for a total transaction of $125,050.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $125,050. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

J. M. Smucker Stock Up 1.4 %

Shares of SJM stock opened at $129.72 on Tuesday. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.61 and a current ratio of 3.20. The business has a 50-day moving average of $127.51 and a 200 day moving average of $126.55.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. J. M. Smucker had a negative net margin of 0.17% and a positive return on equity of 13.57%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $2.40 EPS. The company’s quarterly revenue was down 12.1% on a year-over-year basis. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.52 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 16th will be given a $1.06 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.27%. J. M. Smucker’s payout ratio is presently -7,066.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SJM shares. Wells Fargo & Company assumed coverage on shares of J. M. Smucker in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 target price for the company. Sanford C. Bernstein raised shares of J. M. Smucker from an “underperform” rating to a “market perform” rating and reduced their price target for the stock from $123.00 to $119.00 in a research report on Tuesday, November 14th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Stifel Nicolaus boosted their target price on shares of J. M. Smucker from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $122.00 price target on shares of J. M. Smucker in a report on Wednesday, December 6th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $138.07.

View Our Latest Stock Report on J. M. Smucker

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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