Lindbrook Capital LLC Increases Holdings in The J. M. Smucker Company (NYSE:SJM)

Lindbrook Capital LLC increased its stake in The J. M. Smucker Company (NYSE:SJM) by 77.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 409 shares of the company’s stock after buying an additional 178 shares during the quarter. Lindbrook Capital LLC’s holdings in J. M. Smucker were worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. grew its position in J. M. Smucker by 4.4% during the 3rd quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock worth $268,000 after acquiring an additional 93 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its position in shares of J. M. Smucker by 2.0% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after buying an additional 97 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of J. M. Smucker by 5.5% during the third quarter. Oppenheimer & Co. Inc. now owns 1,882 shares of the company’s stock valued at $231,000 after buying an additional 98 shares during the period. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of J. M. Smucker by 23.2% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 531 shares of the company’s stock valued at $65,000 after acquiring an additional 100 shares in the last quarter. Finally, Formidable Asset Management LLC boosted its holdings in J. M. Smucker by 4.8% in the third quarter. Formidable Asset Management LLC now owns 2,279 shares of the company’s stock valued at $280,000 after acquiring an additional 105 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Down 2.8 %

NYSE SJM opened at $115.18 on Friday. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $159.92. The stock has a 50-day moving average of $120.50 and a 200 day moving average of $120.67. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. As a group, analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Citigroup decreased their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Wednesday, February 28th. TD Cowen decreased their price objective on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Barclays boosted their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.47.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

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.