HB Wealth Management LLC Sells 1,205 Shares of The J. M. Smucker Company (NYSE:SJM)

HB Wealth Management LLC cut its stake in The J. M. Smucker Company (NYSE:SJM) by 22.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,110 shares of the company’s stock after selling 1,205 shares during the quarter. HB Wealth Management LLC’s holdings in J. M. Smucker were worth $519,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after purchasing an additional 162,944 shares in the last quarter. BlackRock Inc. grew its position in J. M. Smucker by 6.3% in the 2nd quarter. BlackRock Inc. now owns 10,001,040 shares of the company’s stock valued at $1,476,854,000 after acquiring an additional 593,263 shares in the last quarter. Geode Capital Management LLC grew its position in shares of J. M. Smucker by 1.4% during the first quarter. Geode Capital Management LLC now owns 2,284,534 shares of the company’s stock worth $358,727,000 after buying an additional 31,412 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in J. M. Smucker by 85,116.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock worth $333,130,000 after purchasing an additional 2,099,830 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in J. M. Smucker by 8.3% during the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock worth $246,525,000 after purchasing an additional 139,158 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SJM shares. Citigroup dropped their price objective on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. DA Davidson began coverage on J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 target price on the stock. TD Cowen increased their target price on J. M. Smucker from $133.00 to $136.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, February 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $122.00 target price on shares of J. M. Smucker in a research report on Wednesday, December 6th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $137.20.

J. M. Smucker Trading Up 2.0 %

NYSE:SJM opened at $125.77 on Thursday. The company’s 50-day simple moving average is $126.01 and its 200 day simple moving average is $121.86. The firm has a market capitalization of $13.35 billion, a P/E ratio of -142.92, a PEG ratio of 1.97 and a beta of 0.21. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $159.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, February 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.82%.

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.