The J. M. Smucker Company (NYSE:SJM) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its position in shares of The J. M. Smucker Company (NYSE:SJM) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,479 shares of the company’s stock after buying an additional 258 shares during the quarter. CWA Asset Management Group LLC’s holdings in J. M. Smucker were worth $273,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC grew its position in J. M. Smucker by 24.0% during the 2nd quarter. Private Advisor Group LLC now owns 13,443 shares of the company’s stock worth $1,452,000 after purchasing an additional 2,598 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of J. M. Smucker by 342.8% during the second quarter. Acadian Asset Management LLC now owns 4,468 shares of the company’s stock worth $485,000 after purchasing an additional 3,459 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of J. M. Smucker by 6.7% during the second quarter. Caprock Group LLC now owns 3,934 shares of the company’s stock worth $429,000 after purchasing an additional 246 shares during the period. Quest Partners LLC grew its position in J. M. Smucker by 2,347.1% in the 2nd quarter. Quest Partners LLC now owns 416 shares of the company’s stock valued at $45,000 after buying an additional 399 shares during the last quarter. Finally, PFG Investments LLC increased its stake in J. M. Smucker by 5.9% in the 2nd quarter. PFG Investments LLC now owns 1,959 shares of the company’s stock valued at $214,000 after buying an additional 109 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Trading Down 2.0 %

Shares of SJM opened at $105.36 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a 1-year low of $104.27 and a 1-year high of $134.62. The firm has a 50 day simple moving average of $112.88 and a 200-day simple moving average of $115.70. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a yield of 4.10%. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SJM. Barclays lowered their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price 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. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $125.00 in a report on Friday, October 25th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, TD Cowen downgraded shares of 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.33.

J. M. Smucker 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.