Oppenheimer & Co. Inc. Purchases 98 Shares of The J. M. Smucker Company (NYSE:SJM)

Oppenheimer & Co. Inc. boosted its position in The J. M. Smucker Company (NYSE:SJMFree Report) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,882 shares of the company’s stock after acquiring an additional 98 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in J. M. Smucker were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Intrepid Capital Management Inc. bought a new position in shares of J. M. Smucker in the 2nd quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in J. M. Smucker in the second quarter valued at about $27,000. Clear Street Markets LLC grew its position in J. M. Smucker by 97.2% in the first quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of J. M. Smucker during the 1st quarter valued at approximately $33,000. Finally, West Tower Group LLC bought a new stake in shares of J. M. Smucker during the 2nd quarter valued at approximately $35,000. 79.08% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 1,500 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $124.53, for a total transaction of $186,795.00. Following the transaction, the chief financial officer now directly owns 10,126 shares of the company’s stock, valued at $1,260,990.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other J. M. Smucker news, Director Tarang Amin bought 1,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were bought at an average cost of $125.05 per share, for a total transaction of $125,050.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $125,050. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 1,500 shares of J. M. Smucker stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $124.53, for a total transaction of $186,795.00. Following the completion of the sale, the chief financial officer now directly owns 10,126 shares in the company, valued at approximately $1,260,990.78. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $122.00 target price on shares of J. M. Smucker in a research note on Wednesday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on J. M. Smucker from $125.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Stifel Nicolaus boosted their price objective on J. M. Smucker from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Citigroup initiated coverage on J. M. Smucker in a report on Thursday, February 1st. They set a “buy” rating and a $153.00 price target on the stock. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $138.07.

View Our Latest Stock Report on SJM

J. M. Smucker Trading Up 1.4 %

NYSE:SJM opened at $129.72 on Tuesday. The firm’s fifty day moving average is $127.51 and its 200-day moving average is $126.55. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.61 and a current ratio of 3.20. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $159.92. The firm has a market cap of $13.77 billion, a P/E ratio of -2,162.00, a P/E/G ratio of 2.13 and a beta of 0.24.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. J. M. Smucker had a negative net margin of 0.17% and a positive return on equity of 13.57%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. Equities analysts expect that The J. M. Smucker Company will post 9.52 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 16th will be issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, February 15th. J. M. Smucker’s payout ratio is -7,066.67%.

J. M. Smucker Profile

(Free Report)

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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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