1,599 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,599 shares of the company’s stock, valued at approximately $201,000.

Several other large investors also recently modified their holdings of SJM. Tower Research Capital LLC TRC grew its position in shares of J. M. Smucker by 298.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock valued at $2,562,000 after purchasing an additional 15,182 shares during the period. Citigroup Inc. boosted its holdings in shares of J. M. Smucker by 15.1% in the third quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock valued at $34,103,000 after buying an additional 36,296 shares during the period. California State Teachers Retirement System increased its position in shares of J. M. Smucker by 5.5% during the fourth quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock worth $21,554,000 after acquiring an additional 8,960 shares in the last quarter. Ardevora Asset Management LLP bought a new stake in J. M. Smucker in the 4th quarter valued at $11,147,000. Finally, Vanguard Group Inc. boosted its stake in J. M. Smucker by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after purchasing an additional 518,433 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on SJM. Argus reduced their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Barclays reduced their price target on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. DA Davidson cut their price objective 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. TD Cowen reduced their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.64.

J. M. Smucker Stock Down 1.4 %

Shares of SJM stock opened at $109.12 on Friday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $153.94. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.18 and a beta of 0.25. The firm’s 50-day moving average is $111.86 and its 200-day moving average is $119.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business earned $2.64 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts predict that The J. M. Smucker Company will post 10.06 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given 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 3.89%. J. M. Smucker’s dividend payout ratio (DPR) is 59.55%.

Insider Buying and Selling at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

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.