Diversify Wealth Management LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 8,357 shares of the company’s stock, valued at approximately $809,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of J. M. Smucker during the fourth quarter worth $25,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker during the second quarter worth $27,000. MCF Advisors LLC lifted its stake in shares of J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of J. M. Smucker in the 2nd quarter valued at $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at $32,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.
J. M. Smucker Trading Up 4.5%
NYSE:SJM opened at $113.89 on Friday. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of -87.61, a PEG ratio of 1.52 and a beta of 0.26. The firm has a fifty day simple moving average of $108.03 and a two-hundred day simple moving average of $104.03. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15.
Insider Transactions at J. M. Smucker
In other news, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares in the company, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,533 shares of company stock worth $2,132,914 in the last 90 days. Insiders own 2.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on SJM. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 target price on shares of J. M. Smucker in a research report on Wednesday, May 20th. Wells Fargo & Company set a $115.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Royal Bank Of Canada upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Barclays raised their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $121.13.
View Our Latest Analysis on J. M. Smucker
J. M. Smucker Profile
The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.
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