The J. M. Smucker Company $SJM Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 372.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,736 shares of the company’s stock after acquiring an additional 35,269 shares during the period. Allworth Financial LP’s holdings in J. M. Smucker were worth $4,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SJM. Wesbanco Bank Inc. lifted its position in shares of J. M. Smucker by 2.9% in the third quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock valued at $393,000 after acquiring an additional 102 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of J. M. Smucker by 1.2% in the third quarter. Wedbush Securities Inc. now owns 8,861 shares of the company’s stock valued at $962,000 after acquiring an additional 106 shares in the last quarter. IFP Advisors Inc lifted its position in shares of J. M. Smucker by 22.9% in the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after acquiring an additional 109 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of J. M. Smucker by 4.2% in the fourth quarter. Diversify Advisory Services LLC now owns 2,815 shares of the company’s stock valued at $287,000 after acquiring an additional 113 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of J. M. Smucker by 5.1% in the third quarter. Hantz Financial Services Inc. now owns 2,437 shares of the company’s stock valued at $265,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.3%

Shares of SJM stock opened at $100.46 on Friday. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The stock’s 50-day moving average price is $98.37 and its 200-day moving average price is $102.10. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of -8.52, a price-to-earnings-growth ratio of 4.03 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that The J. M. Smucker Company will post 9.04 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s payout ratio is -37.32%.

Analysts Set New Price Targets

SJM has been the topic of several research analyst reports. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research report on Thursday, April 9th. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. TD Cowen lowered their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lowered their price objective on J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $116.59.

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.