Cresset Asset Management LLC Has $7.92 Million Position in The J. M. Smucker Company (NYSE:SJM)

Cresset Asset Management LLC lessened its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,947 shares of the company's stock after selling 12,640 shares during the period. Cresset Asset Management LLC owned 0.07% of J. M. Smucker worth $7,923,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its stake in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after buying an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in J. M. Smucker during the 4th quarter worth $27,000. Kentucky Trust Co bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $28,000. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at $33,000. Finally, Hantz Financial Services Inc. bought a new position in shares of J. M. Smucker in the 4th quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Down 0.5 %

Shares of SJM traded down $0.54 during midday trading on Friday, hitting $111.48. The stock had a trading volume of 1,086,012 shares, compared to its average volume of 1,171,966. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36. The company has a 50 day simple moving average of $114.20 and a two-hundred day simple moving average of $111.38. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.88%. J. M. Smucker's dividend payout ratio is -179.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SJM shares. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price on the stock. DA Davidson reduced their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Finally, StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $126.50.

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.