ICW Investment Advisors LLC Has $316,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

ICW Investment Advisors LLC trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,898 shares of the company’s stock after selling 323 shares during the quarter. ICW Investment Advisors LLC’s holdings in J. M. Smucker were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of J. M. Smucker by 298.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock valued at $2,562,000 after buying an additional 15,182 shares in the last quarter. California State Teachers Retirement System grew its position in shares of J. M. Smucker by 5.5% in the 4th quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock valued at $21,554,000 after acquiring an additional 8,960 shares during the period. Vanguard Group Inc. increased its stake in shares of J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after purchasing an additional 518,433 shares during the last quarter. AMF Tjanstepension AB bought a new stake in shares of J. M. Smucker in the 1st quarter valued at about $23,990,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in J. M. Smucker in the 4th quarter valued at about $14,198,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM stock traded up $0.30 during trading on Friday, hitting $121.49. The company had a trading volume of 42,563 shares, compared to its average volume of 1,228,009. The stock’s 50-day moving average price is $116.82 and its 200 day moving average price is $116.51. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $142.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The firm has a market capitalization of $12.93 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 3.19 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last released its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company posted $2.21 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. Equities analysts expect that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a $1.08 dividend. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Insider Activity

In other news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SJM. Barclays lowered their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Citigroup reduced their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America decreased their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. TD Cowen cut their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, DA Davidson reiterated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $127.25.

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.