5,574 Shares in The J. M. Smucker Company $SJM Bought by Kingdom Financial Group LLC.

Kingdom Financial Group LLC. purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, HoldingsChannel reports. The firm purchased 5,574 shares of the company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wesbanco Bank Inc. grew its position in shares of J. M. Smucker by 2.9% during the third quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock worth $393,000 after buying an additional 102 shares in the last quarter. Wedbush Securities Inc. raised its holdings in J. M. Smucker by 1.2% in the third quarter. Wedbush Securities Inc. now owns 8,861 shares of the company’s stock valued at $962,000 after acquiring an additional 106 shares in the last quarter. IFP Advisors Inc lifted its stake in J. M. Smucker by 22.9% in the third quarter. IFP Advisors Inc now owns 586 shares of the company’s stock worth $64,000 after acquiring an additional 109 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in J. M. Smucker by 4.2% in the fourth quarter. Diversify Advisory Services LLC now owns 2,815 shares of the company’s stock worth $287,000 after acquiring an additional 113 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in J. M. Smucker by 5.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,437 shares of the company’s stock worth $265,000 after acquiring an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 1.5%

SJM opened at $101.95 on Friday. The stock has a market capitalization of $10.87 billion, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 4.80 and a beta of 0.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39. The business’s 50-day simple moving average is $97.74 and its 200-day simple moving average is $102.06.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 9.04 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $1.10 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is presently -37.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SJM shares. Barclays dropped their price objective on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. Sanford C. Bernstein lowered their target price on shares of J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Bank of America upgraded J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday, February 23rd. TD Cowen decreased their price target on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Monday, April 20th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.35.

J. M. Smucker Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.