The J. M. Smucker Company (NYSE:SJM) Shares Purchased by Visionary Wealth Advisors

Visionary Wealth Advisors boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,642 shares of the company’s stock after buying an additional 870 shares during the quarter. Visionary Wealth Advisors’ holdings in J. M. Smucker were worth $6,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WBI Investments LLC purchased a new position in J. M. Smucker in the 4th quarter valued at approximately $1,415,000. Two Sigma Advisers LP raised its stake in J. M. Smucker by 76.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock worth $118,808,000 after purchasing an additional 468,200 shares during the period. Two Sigma Investments LP increased its stake in J. M. Smucker by 19.5% during the fourth quarter. Two Sigma Investments LP now owns 797,064 shares of the company’s stock worth $87,773,000 after acquiring an additional 129,870 shares during the last quarter. Toronto Dominion Bank grew its stake in J. M. Smucker by 27.3% during the fourth quarter. Toronto Dominion Bank now owns 56,964 shares of the company’s stock worth $6,273,000 after buying an additional 12,207 shares during the period. Finally, Safe Harbor Fiduciary LLC boosted its position in J. M. Smucker by 4.1% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 3,743 shares of the company’s stock worth $412,000 after purchasing an additional 146 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

SJM stock opened at $113.53 on Monday. The firm has a market cap of $12.08 billion, a P/E ratio of 22.98, a P/E/G ratio of 3.91 and a beta of 0.36. The stock’s 50 day simple moving average is $114.02 and its 200 day simple moving average is $111.26. 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 J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. As a group, equities research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.81%. J. M. Smucker’s payout ratio is -179.25%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. DA Davidson decreased their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. UBS Group started coverage on J. M. Smucker in a report on Wednesday, April 23rd. They issued a “buy” rating and a $134.00 price target for the company. Finally, Morgan Stanley assumed coverage on J. M. Smucker in a report on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.50.

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.