Revisor Wealth Management LLC Makes New Investment in The J. M. Smucker Company (NYSE:SJM)

Revisor Wealth Management LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,300 shares of the company’s stock, valued at approximately $509,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of J. M. Smucker during the 4th quarter worth about $27,000. Minot DeBlois Advisors LLC bought a new position in J. M. Smucker during the fourth quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new position in J. M. Smucker during the fourth quarter worth approximately $29,000. Menard Financial Group LLC acquired a new position in J. M. Smucker during the fourth quarter worth approximately $46,000. Finally, Sandy Spring Bank raised its stake in J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after buying an additional 396 shares during the period. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SJM. Wells Fargo & Company decreased their target price on J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, June 11th. Barclays decreased their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 11th. DA Davidson cut their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. UBS Group reduced their target price on shares of J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a report on Friday, June 6th. Finally, Wall Street Zen raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $115.80.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $104.79 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of -9.06, a price-to-earnings-growth ratio of 7.87 and a beta of 0.31. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The company has a 50-day simple moving average of $107.55 and a two-hundred day simple moving average of $109.01.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.66 earnings per share. Analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker’s payout ratio is currently -37.37%.

Insider Activity at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares of the company’s stock, valued at $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.