Clearstead Advisors LLC Has $919,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Clearstead Advisors LLC lifted its stake in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,481 shares of the company’s stock after buying an additional 1,567 shares during the period. Clearstead Advisors LLC’s holdings in J. M. Smucker were worth $919,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Intrepid Capital Management Inc. acquired a new stake in J. M. Smucker in the second quarter valued at $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in J. M. Smucker by 142.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 187 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Eagle Bay Advisors LLC acquired a new stake in J. M. Smucker in the second quarter valued at $27,000. Clear Street Markets LLC increased its holdings in J. M. Smucker by 97.2% in the first quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in J. M. Smucker in the first quarter valued at $33,000. 79.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $125.05 per share, for a total transaction of $125,050.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $125,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Tarang Amin purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $125.05 per share, for a total transaction of $125,050.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $125,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tucker H. Marshall sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $124.53, for a total transaction of $186,795.00. Following the sale, the chief financial officer now owns 10,126 shares of the company’s stock, valued at approximately $1,260,990.78. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Sanford C. Bernstein upgraded J. M. Smucker from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $123.00 to $119.00 in a report on Tuesday, November 14th. Morgan Stanley reiterated an “equal weight” rating and set a $122.00 price target on shares of J. M. Smucker in a report on Wednesday, December 6th. Wells Fargo & Company assumed coverage on J. M. Smucker in a report on Tuesday, December 12th. They set an “overweight” rating and a $140.00 price target for the company. Finally, Barclays decreased their price target on J. M. Smucker from $160.00 to $129.00 and set an “equal weight” rating for the company in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $136.92.

Check Out Our Latest Analysis on J. M. Smucker

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $132.98 on Wednesday. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of -2,216.33, a PEG ratio of 2.19 and a beta of 0.27. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.61 and a current ratio of 3.20. The firm’s 50-day simple moving average is $123.97 and its 200 day simple moving average is $127.82.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.47 by $0.12. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. J. M. Smucker had a negative net margin of 0.17% and a positive return on equity of 13.57%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter last year, the business posted $2.40 EPS. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.52 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 16th will be paid a dividend of $1.06 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.24 annualized dividend and a dividend yield of 3.19%. J. M. Smucker’s payout ratio is currently -7,066.67%.

About J. M. Smucker

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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