Resonant Capital Advisors LLC Purchases 200 Shares of The J. M. Smucker Company (NYSE:SJM)

Resonant Capital Advisors LLC raised its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,369 shares of the company’s stock after buying an additional 200 shares during the quarter. Resonant Capital Advisors LLC’s holdings in J. M. Smucker were worth $1,472,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Probity Advisors Inc. grew its holdings 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 worth $1,065,000 after purchasing an additional 96 shares in the last quarter. Romano Brothers AND Company boosted its stake in J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after buying an additional 100 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. boosted its stake in J. M. Smucker by 11.0% in the third 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 stake 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 worth $385,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was 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 owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $106.80 on Monday. The stock has a fifty day moving average of $109.94 and a 200 day moving average of $114.90. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.26 and a beta of 0.27. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. 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 firm posted $2.59 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $1.08 per share. 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 dividend payout ratio is currently 87.45%.

Wall Street Analyst Weigh In

SJM has been the subject of several research reports. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on 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. Barclays lowered their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $126.78.

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.