Creative Financial Designs Inc. ADV Buys 642 Shares of The J. M. Smucker Company (NYSE:SJM)

Creative Financial Designs Inc. ADV raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,345 shares of the company’s stock after buying an additional 642 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in J. M. Smucker were worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after buying an additional 11,339 shares in the last quarter. Raymond James Trust N.A. grew its position in J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after buying an additional 310 shares in the last quarter. Nordea Investment Management AB grew its position in J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after buying an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in J. M. Smucker during the fourth quarter worth about $1,273,000. Finally, Signal Advisors Wealth LLC grew its position in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after buying an additional 9,982 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on SJM. Barclays cut their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. DA Davidson cut their price objective 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. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average price target of $126.00.

J. M. Smucker Trading Up 0.3 %

NYSE SJM opened at $111.89 on Tuesday. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59. 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 stock has a 50-day moving average of $106.58 and a 200-day moving average of $112.56. The firm has a market cap of $11.91 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

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

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

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.