Summit Trail Advisors LLC Invests $205,000 in The J. M. Smucker Company (NYSE:SJM)

Summit Trail Advisors LLC acquired a new stake in The J. M. Smucker Company (NYSE:SJM) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,876 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SJM. SageView Advisory Group LLC purchased a new position in J. M. Smucker in the 4th quarter valued at $279,000. Congress Wealth Management LLC DE grew its position in J. M. Smucker by 6.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 2,178 shares of the company’s stock valued at $275,000 after buying an additional 141 shares during the last quarter. Hsbc Holdings PLC grew its position in J. M. Smucker by 39.1% in the 4th quarter. Hsbc Holdings PLC now owns 329,223 shares of the company’s stock valued at $41,452,000 after buying an additional 92,580 shares during the last quarter. Mitchell Sinkler & Starr PA grew its position in J. M. Smucker by 431.4% in the 4th quarter. Mitchell Sinkler & Starr PA now owns 9,433 shares of the company’s stock valued at $1,192,000 after buying an additional 7,658 shares during the last quarter. Finally, TD Asset Management Inc grew its position in J. M. Smucker by 0.7% in the 4th quarter. TD Asset Management Inc now owns 393,347 shares of the company’s stock valued at $49,711,000 after buying an additional 2,653 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 1.3 %

Shares of SJM stock opened at $117.43 on Wednesday. The firm has a 50-day moving average price of $118.94 and a 200 day moving average price of $116.12. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 3.20 and a beta of 0.24. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.17 by $0.27. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 EPS. Research analysts forecast that The J. M. Smucker Company will post 9.82 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s payout ratio is presently 60.67%.

Analyst Ratings Changes

A number of equities research analysts have commented on SJM shares. TD Cowen reduced their target price on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Argus reduced their target price on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. DA Davidson reissued a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Finally, Barclays reduced their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus target price of $127.25.

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.