SageView Advisory Group LLC Acquires Shares of 2,097 The J. M. Smucker Company (NYSE:SJM)

SageView Advisory Group LLC bought a new position in The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,097 shares of the company’s stock, valued at approximately $279,000.

Other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Advantage Trust Co bought a new stake in shares of J. M. Smucker during the 4th quarter valued at about $25,000. Valley National Advisers Inc. lifted its holdings in J. M. Smucker by 2,266.7% in the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after acquiring an additional 272 shares during the last quarter. Principal Securities Inc. acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $43,000. Finally, Lindbrook Capital LLC grew its holdings in shares of J. M. Smucker by 77.1% during the fourth quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock valued at $52,000 after purchasing an additional 178 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $109.71 on Friday. The J. M. Smucker Company has a 1 year low of $106.32 and a 1 year high of $153.94. The firm has a market cap of $11.65 billion, a P/E ratio of 15.41, a PEG ratio of 2.25 and a beta of 0.23. The stock has a fifty day moving average price of $112.68 and a two-hundred day moving average price of $120.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business posted $2.64 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Research analysts forecast that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s payout ratio is 59.55%.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SJM. JPMorgan Chase & Co. raised their price target on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Citigroup boosted their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a report on Friday, June 7th. TD Cowen lowered their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Barclays cut their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Finally, Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $132.64.

About J. M. Smucker

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.