Visionary Wealth Advisors Raises Position in The J. M. Smucker Company (NYSE:SJM)

Visionary Wealth Advisors increased its position in The J. M. Smucker Company (NYSE:SJM) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,642 shares of the company’s stock after acquiring an additional 870 shares during the period. Visionary Wealth Advisors owned about 0.06% of J. M. Smucker worth $6,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of J. M. Smucker by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock worth $1,469,544,000 after acquiring an additional 130,533 shares during the period. FMR LLC boosted its position in J. M. Smucker by 11.3% in the fourth quarter. FMR LLC now owns 3,734,305 shares of the company’s stock worth $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of J. M. Smucker by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock worth $286,664,000 after buying an additional 58,231 shares during the last quarter. Invesco Ltd. grew its position in shares of J. M. Smucker by 21.0% during the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock valued at $265,942,000 after acquiring an additional 418,878 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in J. M. Smucker by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company’s stock valued at $221,232,000 after purchasing an additional 33,758 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SJM shares. Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. DA Davidson dropped their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley started coverage on J. M. Smucker in a research report on Monday, March 24th. They set an “overweight” rating and a $123.00 target price on the stock. UBS Group began coverage on J. M. Smucker in a research note on Wednesday, April 23rd. They set a “buy” rating and a $134.00 target price on the stock. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $126.50.

Insider Transactions at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Up 0.8%

Shares of NYSE:SJM opened at $113.53 on Monday. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The firm has a market capitalization of $12.08 billion, a P/E ratio of 22.98, a P/E/G ratio of 3.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The business’s 50-day moving average is $114.02 and its 200 day moving average is $111.26.

J. M. Smucker (NYSE:SJM) last posted its earnings results 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 net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.81%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

J. M. Smucker Company 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.