Manchester Capital Management LLC Grows Holdings in The J. M. Smucker Company (NYSE:SJM)

Manchester Capital Management LLC lifted its stake in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,542 shares of the company’s stock after buying an additional 104 shares during the quarter. Manchester Capital Management LLC’s holdings in J. M. Smucker were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC raised its stake in J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Advantage Trust Co bought a new stake in J. M. Smucker during the fourth quarter valued at $25,000. Valley National Advisers Inc. raised its holdings in shares of J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after purchasing an additional 272 shares during the period. Principal Securities Inc. bought a new position in shares of J. M. Smucker in the 4th quarter worth about $43,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of J. M. Smucker by 77.1% in the 4th quarter. Lindbrook Capital LLC now owns 409 shares of the company’s stock valued at $52,000 after buying an additional 178 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the subject of a number of research reports. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Stifel Nicolaus upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday, February 28th. DA Davidson began 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 on the stock. TD Cowen reduced their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus price target of $137.47.

Get Our Latest Stock Report on SJM

Insider Activity at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, 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 this hyperlink. 3.50% of the stock is currently owned by insiders.

J. M. Smucker Price Performance

Shares of NYSE SJM traded down $0.47 during trading on Friday, hitting $115.21. The company had a trading volume of 1,879,616 shares, compared to its average volume of 1,158,933. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $156.03. The business’s 50-day moving average is $117.58 and its 200 day moving average is $120.74. The company has a market cap of $12.23 billion, a P/E ratio of -130.92, a PEG ratio of 1.74 and a beta of 0.23. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. J. M. Smucker’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. Equities research analysts predict that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, May 16th. J. M. Smucker’s dividend payout ratio is currently -481.81%.

J. M. Smucker Company Profile

(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.

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

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