Kestra Private Wealth Services LLC Boosts Stock Position in The J. M. Smucker Company (NYSE:SJM)

Kestra Private Wealth Services LLC grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,708 shares of the company’s stock after buying an additional 1,892 shares during the period. Kestra Private Wealth Services LLC’s holdings in J. M. Smucker were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in SJM. Venturi Wealth Management LLC lifted its stake in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares during the last quarter. Kieckhefer Group LLC purchased a new position in J. M. Smucker in the fourth quarter valued at approximately $33,000. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker during the third quarter worth approximately $39,000. Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $39,000. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $40,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on SJM. 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 note on Wednesday, December 4th. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average price target of $126.78.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction 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 represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Up 1.3 %

SJM opened at $104.38 on Wednesday. The business has a 50 day moving average price of $108.02 and a two-hundred day moving average price of $114.25. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $130.79. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company has a market cap of $11.11 billion, a PE ratio of 21.13, a P/E/G ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business earned $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

About J. M. Smucker

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.