Kestra Advisory Services LLC raised its stake in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 30.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,000 shares of the company’s stock after buying an additional 7,258 shares during the quarter. Kestra Advisory Services LLC’s holdings in J. M. Smucker were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of J. M. Smucker during the fourth quarter worth $25,000. CYBER HORNET ETFs LLC bought a new stake in J. M. Smucker in the 2nd quarter valued at $27,000. MCF Advisors LLC increased its holdings in 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 purchased a new stake in J. M. Smucker in the 2nd quarter worth $31,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $32,000. Institutional investors own 81.66% of the company’s stock.
J. M. Smucker Stock Performance
J. M. Smucker stock opened at $111.95 on Friday. The company’s 50-day moving average price is $108.28 and its 200-day moving average price is $104.08. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The company has a market cap of $11.94 billion, a PE ratio of -86.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.26. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $119.39.
Analyst Ratings Changes
SJM has been the subject of a number of research analyst reports. UBS Group raised their price objective on J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. increased their price target on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Barclays increased their price target on 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. Morgan Stanley raised their price target on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Finally, Wells Fargo & Company set a $115.00 price objective on J. M. Smucker in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.13.
Read Our Latest Analysis on SJM
Insider Transactions at J. M. Smucker
In other news, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the transaction, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. The trade was a 8.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is currently owned by company insiders.
About J. M. Smucker
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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