Signal Advisors Wealth LLC Has $1.52 Million Stock Position in The J. M. Smucker Company (NYSE:SJM)

Signal Advisors Wealth LLC cut its position in The J. M. Smucker Company (NYSE:SJM) by 0.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 12,859 shares of the company’s stock after selling 91 shares during the quarter. Signal Advisors Wealth LLC’s holdings in J. M. Smucker were worth $1,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in J. M. Smucker during the 4th quarter worth about $112,978,000. LSV Asset Management raised its stake in shares of J. M. Smucker by 3,599.5% in the fourth quarter. LSV Asset Management now owns 929,400 shares of the company’s stock worth $102,346,000 after acquiring an additional 904,278 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of J. M. Smucker by 76.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock worth $118,808,000 after purchasing an additional 468,200 shares in the last quarter. FIL Ltd lifted its position in shares of J. M. Smucker by 87.8% during the fourth quarter. FIL Ltd now owns 925,000 shares of the company’s stock worth $101,861,000 after purchasing an additional 432,500 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of J. M. Smucker by 21.0% during the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock valued at $265,942,000 after purchasing an additional 418,878 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction 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 approximately $1,503,493.68. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Trading Down 0.4%

NYSE SJM opened at $110.62 on Friday. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42. The stock has a 50-day simple moving average of $113.88 and a 200 day simple moving average of $111.24. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $11.77 billion, a PE ratio of 22.39, a P/E/G ratio of 3.91 and a beta of 0.35.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.91%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, May 28th. Morgan Stanley lifted their target price on J. M. Smucker from $123.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup cut their price target on J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Wall Street Zen upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. Finally, DA Davidson lowered their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $125.30.

About J. M. Smucker

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.