J M Smucker Co (NYSE:SJM) Shares Sold by AE Wealth Management LLC
AE Wealth Management LLC lowered its position in shares of J M Smucker Co (NYSE:SJM) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,686 shares of the company’s stock after selling 329 shares during the quarter. AE Wealth Management LLC’s holdings in J M Smucker were worth $409,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Tarbox Family Office Inc. raised its holdings in shares of J M Smucker by 2.2% during the first quarter. Tarbox Family Office Inc. now owns 4,480 shares of the company’s stock valued at $497,000 after acquiring an additional 97 shares during the last quarter. Dean Capital Management increased its holdings in shares of J M Smucker by 1.3% in the fourth quarter. Dean Capital Management now owns 7,695 shares of the company’s stock valued at $801,000 after purchasing an additional 99 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of J M Smucker by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,946 shares of the company’s stock valued at $2,181,000 after purchasing an additional 100 shares during the last quarter. Physicians Financial Services Inc. increased its holdings in shares of J M Smucker by 3.8% in the first quarter. Physicians Financial Services Inc. now owns 2,765 shares of the company’s stock valued at $307,000 after purchasing an additional 100 shares during the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of J M Smucker by 3.5% in the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 3,242 shares of the company’s stock valued at $338,000 after purchasing an additional 110 shares during the last quarter. 78.67% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on SJM. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. Deutsche Bank increased their price target on J M Smucker from $110.00 to $124.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. They noted that the move was a valuation call. Barclays reaffirmed a “hold” rating and issued a $112.00 price target on shares of J M Smucker in a report on Thursday, February 27th. Sanford C. Bernstein raised J M Smucker from an “underperform” rating to a “market perform” rating and increased their price target for the company from $92.00 to $115.00 in a report on Wednesday, March 18th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $109.00 target price on shares of J M Smucker in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $114.69.
SJM stock opened at $107.90 on Friday. The business has a fifty day moving average of $115.27 and a two-hundred day moving average of $108.34. The company has a quick ratio of 0.31, a current ratio of 0.77 and a debt-to-equity ratio of 0.58. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 6.00 and a beta of 0.16. J M Smucker Co has a 52-week low of $91.88 and a 52-week high of $127.91.
J M Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, February 26th. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.23 by $0.12. J M Smucker had a return on equity of 11.70% and a net margin of 8.21%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $2.26 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that J M Smucker Co will post 8.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.52 annualized dividend and a dividend yield of 3.26%. J M Smucker’s dividend payout ratio is currently 42.46%.
About J M Smucker
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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