The J. M. Smucker Company (NYSE:SJM) Position Raised by Cetera Advisors LLC

Cetera Advisors LLC raised its stake in The J. M. Smucker Company (NYSE:SJM) by 4.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,617 shares of the company’s stock after buying an additional 495 shares during the quarter. Cetera Advisors LLC’s holdings in J. M. Smucker were worth $1,568,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after buying an additional 162,944 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of J. M. Smucker by 1.4% during the first quarter. Geode Capital Management LLC now owns 2,284,534 shares of the company’s stock valued at $358,727,000 after purchasing an additional 31,412 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of J. M. Smucker by 85,116.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock valued at $333,130,000 after purchasing an additional 2,099,830 shares in the last quarter. Invesco Ltd. raised its stake in shares of J. M. Smucker by 8.3% during the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock valued at $246,525,000 after purchasing an additional 139,158 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of J. M. Smucker by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,567,742 shares of the company’s stock valued at $231,496,000 after purchasing an additional 6,015 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Amy C. Held sold 9,917 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $143.80, for a total value of $1,426,064.60. Following the completion of the sale, the insider now directly owns 5,972 shares in the company, valued at approximately $858,773.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

J. M. Smucker Stock Up 0.5 %

Shares of J. M. Smucker stock opened at $112.26 on Tuesday. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of -660.35, a P/E/G ratio of 1.79 and a beta of 0.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.72. The J. M. Smucker Company has a 52-week low of $107.33 and a 52-week high of $163.07. The stock has a 50-day simple moving average of $117.17 and a 200-day simple moving average of $137.48.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.19. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. J. M. Smucker had a positive return on equity of 12.96% and a negative net margin of 0.21%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 9.67 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a $1.06 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.24 annualized dividend and a yield of 3.78%. J. M. Smucker’s dividend payout ratio (DPR) is currently -2,494.12%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SJM shares. JPMorgan Chase & Co. cut their price objective on shares of J. M. Smucker from $153.00 to $137.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. The Goldman Sachs Group lifted their price target on J. M. Smucker from $129.00 to $130.00 in a research note on Tuesday, August 29th. StockNews.com initiated coverage on J. M. Smucker in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Barclays dropped their price target on J. M. Smucker from $160.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 12th. Finally, TD Cowen started coverage on J. M. Smucker in a research note on Wednesday, September 13th. They issued an “outperform” rating and a $158.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $144.38.

J. M. Smucker 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.