J M Smucker Co (NYSE:SJM) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its holdings in J M Smucker Co (NYSE:SJM) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,335 shares of the company’s stock after acquiring an additional 141 shares during the period. Perigon Wealth Management LLC’s holdings in J M Smucker were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tarbox Family Office Inc. grew its stake in shares of J M Smucker by 2.2% during the 1st quarter. Tarbox Family Office Inc. now owns 4,480 shares of the company’s stock valued at $497,000 after buying an additional 97 shares during the period. Physicians Financial Services Inc. grew its stake in shares of J M Smucker by 3.8% during the 1st quarter. Physicians Financial Services Inc. now owns 2,765 shares of the company’s stock valued at $307,000 after buying an additional 100 shares during the period. Shell Asset Management Co. grew its stake in shares of J M Smucker by 1.5% during the 1st quarter. Shell Asset Management Co. now owns 6,823 shares of the company’s stock valued at $757,000 after buying an additional 100 shares during the period. Coastline Trust Co grew its stake in shares of J M Smucker by 5.1% during the 1st quarter. Coastline Trust Co now owns 2,055 shares of the company’s stock valued at $228,000 after buying an additional 100 shares during the period. Finally, Clear Harbor Asset Management LLC grew its stake in shares of J M Smucker by 2.2% during the 1st quarter. Clear Harbor Asset Management LLC now owns 4,841 shares of the company’s stock valued at $537,000 after buying an additional 105 shares during the period. 77.89% of the stock is owned by institutional investors.

SJM has been the subject of a number of research reports. Stifel Nicolaus upped their price target on shares of J M Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Credit Suisse Group raised shares of J M Smucker from an “underperform” rating to a “neutral” rating and set a $115.00 price objective for the company in a research report on Thursday, April 16th. Sanford C. Bernstein cut shares of J M Smucker from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $105.00 to $93.00 in a research report on Thursday, June 11th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $110.00 price objective on shares of J M Smucker in a research report on Monday, July 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $113.00.

In related news, insider Mark R. Belgya sold 7,807 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $108.74, for a total transaction of $848,933.18. Following the sale, the insider now owns 43,604 shares in the company, valued at $4,741,498.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark T. Smucker sold 1,500 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $165,000.00. Following the sale, the chief executive officer now owns 133,779 shares in the company, valued at approximately $14,715,690. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,807 shares of company stock worth $1,178,933. 3.60% of the stock is owned by company insiders.

Shares of J M Smucker stock opened at $109.35 on Friday. The firm has a market cap of $12.48 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 6.17 and a beta of 0.13. The firm’s 50-day simple moving average is $106.47 and its 200-day simple moving average is $109.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.24. J M Smucker Co has a 1 year low of $91.88 and a 1 year high of $125.62.

J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, June 4th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.29. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.05 billion. J M Smucker had a net margin of 9.99% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.08 EPS. On average, equities analysts predict that J M Smucker Co will post 8.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.90 per share. This is a positive change from J M Smucker’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 3.29%. J M Smucker’s dividend payout ratio is 40.18%.

J M Smucker Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

See Also: Equity Income

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

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