Atria Wealth Solutions Inc. Increases Stock Position in The J. M. Smucker Company (NYSE:SJM)

Atria Wealth Solutions Inc. increased its stake in The J. M. Smucker Company (NYSE:SJM) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,494 shares of the company’s stock after acquiring an additional 173 shares during the period. Atria Wealth Solutions Inc.’s holdings in J. M. Smucker were worth $495,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after purchasing an additional 958,142 shares during the period. State Street Corp increased its holdings in shares of J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after buying an additional 762,746 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of J. M. Smucker by 891.3% during the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after purchasing an additional 521,404 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after buying an additional 192,748 shares during the period. Finally, Victory Capital Management Inc. raised its position in J. M. Smucker by 281.1% during the third quarter. Victory Capital Management Inc. now owns 152,112 shares of the company’s stock valued at $18,421,000 after buying an additional 112,195 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of SJM opened at $109.47 on Friday. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 3.91 and a beta of 0.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $106.17 and its two-hundred day simple moving average is $113.24. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.59.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm 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%. Research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SJM shares. Stifel Nicolaus lowered their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays cut their price target on shares of 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. Finally, Wells Fargo & Company boosted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $126.78.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

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.