Wealth Enhancement Advisory Services LLC Purchases 538 Shares of The J. M. Smucker Company (NYSE:SJM)

Wealth Enhancement Advisory Services LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,959 shares of the company’s stock after purchasing an additional 538 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in J. M. Smucker were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $485,000 after acquiring an additional 3,459 shares during the last quarter. Quest Partners LLC raised its position in J. M. Smucker by 2,347.1% during the 2nd quarter. Quest Partners LLC now owns 416 shares of the company’s stock worth $45,000 after purchasing an additional 399 shares during the last quarter. Choreo LLC acquired a new position in J. M. Smucker during the 2nd quarter worth about $241,000. Envestnet Asset Management Inc. increased its stake in shares of J. M. Smucker by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 50,742 shares of the company’s stock valued at $5,533,000 after buying an additional 2,411 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of J. M. Smucker by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock worth $194,435,000 after acquiring an additional 135,158 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SJM shares. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $135.00 to $125.00 in a report on Friday, October 25th. Barclays cut their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company increased their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.33.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $102.02 on Wednesday. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 3.46 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 J. M. Smucker Company has a fifty-two week low of $100.77 and a fifty-two week high of $134.62. The firm’s 50-day simple moving average is $112.41 and its 200 day simple moving average is $115.69.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. 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 prior year, the company earned $2.59 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.40% of the stock is currently owned by insiders.

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.