Kingswood Wealth Advisors LLC Sells 500 Shares of The J. M. Smucker Company (NYSE:SJM)

Kingswood Wealth Advisors LLC cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 18.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,240 shares of the company’s stock after selling 500 shares during the period. Kingswood Wealth Advisors LLC’s holdings in J. M. Smucker were worth $282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sound View Wealth Advisors Group LLC boosted its holdings in J. M. Smucker by 1.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after buying an additional 81 shares during the period. Tradition Wealth Management LLC boosted its holdings in J. M. Smucker by 7.3% in the 4th quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after buying an additional 83 shares during the period. Czech National Bank lifted its stake in J. M. Smucker by 0.5% in the 1st quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after purchasing an additional 88 shares in the last quarter. Gallagher Fiduciary Advisors LLC lifted its stake in J. M. Smucker by 2.0% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after purchasing an additional 97 shares in the last quarter. Finally, First National Trust Co lifted its stake in J. M. Smucker by 4.9% in the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after purchasing an additional 99 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Up 0.4 %

Shares of NYSE SJM opened at $109.04 on Friday. The firm’s 50 day moving average price is $112.45 and its 200-day moving average price is $120.32. The company has a market cap of $11.58 billion, a PE ratio of 15.31, a P/E/G ratio of 2.15 and a beta of 0.23. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $153.94. 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 issued its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.34. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.64 earnings per share. On average, equities research analysts expect that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $1.06 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 annualized dividend and a yield of 3.89%. J. M. Smucker’s payout ratio is presently 59.55%.

Analysts Set New Price Targets

Several research firms have issued reports on SJM. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Argus dropped their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. TD Cowen dropped their price objective on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 7th. DA Davidson dropped their price objective on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, June 10th. Finally, Barclays dropped their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $132.64.

Insiders Place Their Bets

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

J. M. Smucker Company Profile

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.