Independent Advisor Alliance Buys 737 Shares of The J. M. Smucker Company (NYSE:SJM)

Independent Advisor Alliance boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,841 shares of the company’s stock after purchasing an additional 737 shares during the period. Independent Advisor Alliance’s holdings in J. M. Smucker were worth $643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of J. M. Smucker by 3.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after purchasing an additional 11,339 shares during the period. Raymond James Trust N.A. lifted its stake in shares of J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after purchasing an additional 310 shares during the period. Nordea Investment Management AB lifted its stake in shares of J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of J. M. Smucker in the 4th quarter worth approximately $1,273,000. Finally, Signal Advisors Wealth LLC lifted its stake in shares of J. M. Smucker by 336.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after purchasing an additional 9,982 shares during the period. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SJM shares. DA Davidson lowered their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Wells Fargo & Company raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays decreased their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average target price of $126.00.

J. M. Smucker Price Performance

Shares of SJM stock opened at $111.62 on Monday. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock’s 50-day simple moving average is $106.53 and its 200-day simple moving average is $112.58.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.87%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

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.