Forum Financial Management LP Purchases 928 Shares of The J. M. Smucker Company (NYSE:SJM)

Forum Financial Management LP lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 44.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,997 shares of the company’s stock after purchasing an additional 928 shares during the period. Forum Financial Management LP’s holdings in J. M. Smucker were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SJM. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of J. M. Smucker by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after purchasing an additional 11,339 shares in the last quarter. Nordea Investment Management AB grew its position in shares of J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in J. M. Smucker during the 4th quarter valued at approximately $1,273,000. Signal Advisors Wealth LLC boosted its stake in J. M. Smucker by 336.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after purchasing an additional 9,982 shares during the period. Finally, Douglas Lane & Associates LLC grew its holdings in J. M. Smucker by 6.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock valued at $29,875,000 after buying an additional 16,963 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SJM shares. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Stifel Nicolaus lowered their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. DA Davidson reduced their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Trading Down 0.4 %

Shares of NYSE SJM opened at $115.95 on Tuesday. The business’s 50 day moving average price is $112.22 and its 200-day moving average price is $111.73. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.73%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated 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 directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

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.