Valeo Financial Advisors LLC Takes Position in The J. M. Smucker Company (NYSE:SJM)

Valeo Financial Advisors LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,777 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SJM. Kinneret Advisory LLC raised its holdings in J. M. Smucker by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 3,302 shares of the company’s stock worth $447,000 after purchasing an additional 74 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in J. M. Smucker by 3.7% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 2,382 shares of the company’s stock worth $375,000 after purchasing an additional 86 shares during the period. Williams Jones Wealth Management LLC. raised its holdings in J. M. Smucker by 1.0% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 8,327 shares of the company’s stock worth $1,310,000 after purchasing an additional 86 shares during the period. Shell Asset Management Co. raised its holdings in J. M. Smucker by 4.4% in the 3rd quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock worth $268,000 after purchasing an additional 93 shares during the period. Finally, Gallagher Fiduciary Advisors LLC raised its holdings in J. M. Smucker by 2.0% in the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock worth $595,000 after purchasing an additional 97 shares during the period. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SJM. Barclays raised their target price on J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their price target on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Citigroup decreased their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Finally, TD Cowen decreased their price target on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $137.47.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.

J. M. Smucker Price Performance

NYSE:SJM opened at $109.99 on Wednesday. The business’s 50-day moving average is $122.18 and its 200 day moving average is $120.84. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $1.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.85%. J. M. Smucker’s payout ratio is currently -481.81%.

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.