First Command Advisory Services Inc. Acquires New Stake in The J. M. Smucker Company (NYSE:SJM)

First Command Advisory Services Inc. acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 861 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after acquiring an additional 11,339 shares during the last quarter. Raymond James Trust N.A. increased its position in J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after acquiring an additional 310 shares during the last quarter. Nordea Investment Management AB increased its position in 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 valued at $150,082,000 after acquiring an additional 192,748 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in J. M. Smucker during the fourth quarter valued at $1,273,000. Finally, Signal Advisors Wealth LLC increased its position in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after acquiring an additional 9,982 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays decreased their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.78.

J. M. Smucker Stock Up 0.3 %

Shares of SJM opened at $109.47 on Friday. The business’s 50 day moving average is $106.17 and its 200 day moving average is $113.24. The company has a market capitalization of $11.65 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.59. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.35% and a net margin of 5.96%. Research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Company Profile

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.