Creative Financial Designs Inc. ADV Has $1.66 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Creative Financial Designs Inc. ADV grew its position in The J. M. Smucker Company (NYSE:SJM) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,703 shares of the company’s stock after purchasing an additional 896 shares during the period. Creative Financial Designs Inc. ADV’s holdings in J. M. Smucker were worth $1,659,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Studio Investment Management LLC bought a new position in shares of J. M. Smucker in the second quarter valued at $26,000. Quarry LP increased its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Eastern Bank bought a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $40,000. Trivant Custom Portfolio Group LLC acquired a new stake in J. M. Smucker in the 3rd quarter valued at about $42,000. Finally, Rothschild Investment LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.6 %

Shares of SJM stock opened at $112.88 on Friday. The company has a market cap of $12.01 billion, a P/E ratio of 15.97, a PEG ratio of 3.24 and a beta of 0.25. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The stock has a 50 day simple moving average of $118.25 and a two-hundred day simple moving average of $115.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the company posted $2.21 earnings per share. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Research analysts forecast that The J. M. Smucker Company will post 9.8 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, December 2nd. Shareholders of record on Friday, November 15th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.83%. J. M. Smucker’s payout ratio is currently 61.10%.

Analyst Ratings Changes

SJM has been the topic of several research reports. Bank of America decreased their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Citigroup cut their price target on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Barclays dropped their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. TD Cowen decreased their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Wells Fargo & Company cut their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.42.

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.