3,157 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC acquired a new position in The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,157 shares of the company’s stock, valued at approximately $397,000.

Other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC raised its position in J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Advantage Trust Co bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $25,000. Cooksen Wealth LLC bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $33,000. Venturi Wealth Management LLC bought a new stake in shares of J. M. Smucker during the 1st quarter valued at $35,000. Finally, Valley National Advisers Inc. raised its position in shares of J. M. Smucker by 2,266.7% during the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the subject of several recent research reports. TD Cowen dropped their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 7th. DA Davidson dropped their target price on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Citigroup upped their target price on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Barclays decreased their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average price target of $132.64.

J. M. Smucker Stock Down 0.1 %

NYSE SJM traded down $0.15 on Monday, reaching $118.04. The company had a trading volume of 874,040 shares, compared to its average volume of 1,238,770. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.36 and a beta of 0.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $153.00. The company’s fifty day moving average is $112.10 and its 200-day moving average is $118.49.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.64 EPS. On average, research analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be issued a $1.08 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, August 16th. J. M. Smucker’s dividend payout ratio is currently 59.55%.

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.