5,354 Shares in The J. M. Smucker Company $SJM Acquired by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,354 shares of the company’s stock, valued at approximately $524,000.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $31,000. First Horizon Corp purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $56,000. Finally, Fairway Wealth LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $59,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SJM. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. 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. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, April 9th. Sanford C. Bernstein dropped their price objective on shares of J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Morgan Stanley dropped their price objective on shares of J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $116.56.

J. M. Smucker Stock Down 0.3%

SJM stock opened at $99.18 on Friday. The company has a fifty day moving average price of $99.98 and a 200 day moving average price of $102.25. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The company has a market cap of $10.58 billion, a price-to-earnings ratio of -8.41, a price-to-earnings-growth ratio of 3.99 and a beta of 0.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. J. M. Smucker’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.04 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company 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 dividend of $1.10 per share. The ex-dividend date is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. J. M. Smucker’s dividend payout ratio is presently -37.32%.

J. M. Smucker Company 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.