CreativeOne Wealth LLC Boosts Stake in The J. M. Smucker Company (NYSE:SJM)

CreativeOne Wealth LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,120 shares of the company’s stock after acquiring an additional 764 shares during the quarter. CreativeOne Wealth LLC’s holdings in J. M. Smucker were worth $862,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SJM. Townsquare Capital LLC raised its stake in J. M. Smucker by 14.5% in the third quarter. Townsquare Capital LLC now owns 2,358 shares of the company’s stock valued at $286,000 after purchasing an additional 298 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of J. M. Smucker by 2.7% during the 3rd quarter. D.A. Davidson & CO. now owns 35,404 shares of the company’s stock valued at $4,288,000 after buying an additional 936 shares in the last quarter. FMR LLC lifted its holdings in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after acquiring an additional 958,142 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in J. M. Smucker by 21.8% in the third quarter. The Manufacturers Life Insurance Company now owns 84,462 shares of the company’s stock worth $10,228,000 after acquiring an additional 15,092 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in J. M. Smucker by 12.4% in the third quarter. Daiwa Securities Group Inc. now owns 13,034 shares of the company’s stock valued at $1,578,000 after acquiring an additional 1,440 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $117.79 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.25 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $116.34 and a 200-day moving average price of $115.63. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.29 and a beta of 0.25. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.27. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 EPS. As a group, equities analysts anticipate that The J. M. Smucker Company will post 9.85 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s payout ratio is currently 87.45%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SJM shares. Bank of America dropped their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Barclays lifted their target price on shares of J. M. Smucker from $121.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $128.00.

J. M. Smucker Company 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.