The J. M. Smucker Company (NYSE:SJM) Shares Bought by Silver Lake Advisory LLC

Silver Lake Advisory LLC raised its position in The J. M. Smucker Company (NYSE:SJM) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,262 shares of the company’s stock after purchasing an additional 764 shares during the quarter. J. M. Smucker comprises approximately 2.1% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 23rd biggest holding. Silver Lake Advisory LLC’s holdings in J. M. Smucker were worth $3,824,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of J. M. Smucker during the third quarter valued at approximately $464,000. Citigroup Inc. increased its stake in shares of J. M. Smucker by 15.1% in the third quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock worth $34,103,000 after purchasing an additional 36,296 shares during the period. Ardevora Asset Management LLP acquired a new stake in J. M. Smucker during the fourth quarter worth about $11,147,000. Vest Financial LLC grew its position in J. M. Smucker by 58.3% during the fourth quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock worth $30,085,000 after buying an additional 87,682 shares in the last quarter. Finally, Comerica Bank acquired a new stake in J. M. Smucker during the third quarter worth about $5,522,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.3 %

Shares of J. M. Smucker stock traded down $0.36 during trading hours on Thursday, reaching $113.24. 211,954 shares of the company’s stock were exchanged, compared to its average volume of 1,269,172. The company has a 50 day moving average of $119.44 and a two-hundred day moving average of $120.68. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The stock has a market cap of $12.02 billion, a P/E ratio of -129.09, a P/E/G ratio of 1.83 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $1.06 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.74%. J. M. Smucker’s payout ratio is -481.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SJM. Citigroup decreased their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, February 28th. Barclays boosted their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. DA Davidson started coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price objective for the company. Finally, TD Cowen dropped their price objective on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.47.

Insider Activity

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares of the company’s stock, valued at approximately $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by 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.