Wealth Enhancement Advisory Services LLC Reduces Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Wealth Enhancement Advisory Services LLC lowered its position in The J. M. Smucker Company (NYSE:SJM) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,466 shares of the company’s stock after selling 350 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in J. M. Smucker were worth $1,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC grew its holdings in shares of J. M. Smucker by 1.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after purchasing an additional 81 shares during the period. Tradition Wealth Management LLC lifted its position in J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after buying an additional 83 shares during the last quarter. Czech National Bank lifted its position in J. M. Smucker by 0.5% in the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after buying an additional 88 shares during the last quarter. First National Trust Co lifted its position in J. M. Smucker by 4.9% in the fourth quarter. First National Trust Co now owns 2,110 shares of the company’s stock valued at $267,000 after buying an additional 99 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its position in J. M. Smucker by 1.4% in the fourth quarter. Wealthspire Advisors LLC now owns 7,067 shares of the company’s stock valued at $893,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $109.12 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average price of $111.86 and a 200 day moving average price of $119.90. The company has a market cap of $11.59 billion, a P/E ratio of 15.33, a PEG ratio of 2.21 and a beta of 0.25. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $153.94.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion during 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 company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.64 earnings per share. Sell-side analysts predict that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.89%. J. M. Smucker’s payout ratio is currently 59.55%.

Insider Buying and Selling

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now 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 is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of recent analyst reports. Barclays decreased their target price 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. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday. DA Davidson decreased their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Argus decreased their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Finally, TD Cowen reduced their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average price target of $132.64.

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.