LVW Advisors LLC Sells 2,487 Shares of The J. M. Smucker Company (NYSE:SJM)

LVW Advisors LLC cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 33.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,005 shares of the company’s stock after selling 2,487 shares during the quarter. LVW Advisors LLC’s holdings in J. M. Smucker were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after acquiring an additional 518,433 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in J. M. Smucker by 13.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock valued at $213,441,000 after acquiring an additional 202,092 shares in the last quarter. Ameriprise Financial Inc. boosted its position in J. M. Smucker by 487.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after acquiring an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB boosted its position in J. M. Smucker by 363.8% during the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after acquiring an additional 999,315 shares in the last quarter. Finally, Norges Bank bought a new stake in J. M. Smucker during the 4th quarter valued at approximately $157,077,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

Shares of SJM opened at $110.51 on Tuesday. The firm has a market cap of $11.74 billion, a PE ratio of 15.52, a P/E/G ratio of 2.18 and a beta of 0.25. 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 simple moving average of $112.31 and a two-hundred day simple moving average of $120.14. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $153.94.

J. M. Smucker (NYSE:SJM) last announced its earnings results 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 business had revenue of $2.21 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.64 EPS. On average, equities analysts anticipate that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders 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 yield of 3.84%. J. M. Smucker’s dividend payout ratio is presently 59.55%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen cut their price objective on 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. Citigroup boosted their price target on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Argus dropped their price target on 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, Barclays dropped their price target on 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $132.64.

Insider Transactions at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares in the company, valued at approximately $8,675,871.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

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.