The J. M. Smucker Company (NYSE:SJM) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its position in The J. M. Smucker Company (NYSE:SJM) by 16.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,723 shares of the company’s stock after acquiring an additional 941 shares during the period. Perigon Wealth Management LLC’s holdings in J. M. Smucker were worth $689,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after acquiring an additional 958,142 shares during the last quarter. State Street Corp lifted its stake in J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in J. M. Smucker by 891.3% during the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after buying an additional 521,404 shares in the last quarter. International Assets Investment Management LLC grew its position in J. M. Smucker by 4,996.0% in the third quarter. International Assets Investment Management LLC now owns 207,202 shares of the company’s stock worth $25,092,000 after buying an additional 203,136 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after buying an additional 192,748 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

SJM stock opened at $106.80 on Friday. The firm has a 50 day simple moving average of $109.94 and a 200 day simple moving average of $114.96. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The stock has a market cap of $11.37 billion, a P/E ratio of 21.62, a P/E/G ratio of 3.23 and a beta of 0.28. 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 (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $2.59 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.

Analysts Set New Price Targets

SJM has been the topic of a number of recent research reports. Barclays decreased their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.78.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.40% of the company’s stock.

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.