Conestoga Capital Advisors LLC boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,845 shares of the company’s stock after buying an additional 115 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in J. M. Smucker were worth $203,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Probity Advisors Inc. increased its position in shares of J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the last quarter. Romano Brothers AND Company lifted its stake in J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after acquiring an additional 100 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. lifted its holdings in J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after buying an additional 102 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in J. M. Smucker by 3.5% in the third quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock valued at $385,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.
J. M. Smucker Trading Down 1.8 %
NYSE:SJM opened at $104.97 on Monday. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 3.26 and a beta of 0.27. The J. M. Smucker Company has a 1 year low of $99.81 and a 1 year high of $133.85. The stock has a fifty day moving average price of $109.94 and a two-hundred day moving average price of $114.90. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.
J. M. Smucker Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.
Insider Buying and Selling
In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
SJM has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Barclays dropped their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.78.
Get Our Latest Analysis on J. M. Smucker
About J. M. Smucker
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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