Staley Capital Advisers Inc. Raises Holdings in The J. M. Smucker Company (NYSE:SJM)

Staley Capital Advisers Inc. raised its holdings in The J. M. Smucker Company (NYSE:SJM) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 507,325 shares of the company’s stock after purchasing an additional 9,150 shares during the quarter. J. M. Smucker accounts for 2.5% of Staley Capital Advisers Inc.’s holdings, making the stock its 13th largest holding. Staley Capital Advisers Inc. owned 0.48% of J. M. Smucker worth $55,867,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SJM. Independent Advisor Alliance lifted its holdings in shares of J. M. Smucker by 14.4% in the 4th quarter. Independent Advisor Alliance now owns 5,841 shares of the company’s stock worth $643,000 after acquiring an additional 737 shares during the last quarter. Daiwa Securities Group Inc. raised its position in J. M. Smucker by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,039 shares of the company’s stock valued at $1,546,000 after purchasing an additional 1,005 shares during the period. Amundi lifted its stake in J. M. Smucker by 49.3% during the fourth quarter. Amundi now owns 628,381 shares of the company’s stock worth $66,250,000 after purchasing an additional 207,477 shares in the last quarter. Machina Capital S.A.S. purchased a new position in shares of J. M. Smucker during the fourth quarter worth $1,735,000. Finally, Aviance Capital Partners LLC grew its stake in shares of J. M. Smucker by 5.0% in the fourth quarter. Aviance Capital Partners LLC now owns 3,404 shares of the company’s stock valued at $375,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.3 %

Shares of NYSE:SJM opened at $117.07 on Tuesday. The company has a market cap of $12.46 billion, a PE ratio of 23.70, a P/E/G ratio of 3.91 and a beta of 0.28. The company’s 50 day moving average is $106.42 and its two-hundred day moving average is $112.79. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.59. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.69%. J. M. Smucker’s payout ratio is currently -179.25%.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SJM shares. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Stifel Nicolaus reduced 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 report on Friday, January 24th. Finally, Barclays dropped their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $126.13.

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.