Cetera Investment Advisers Has $3.45 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Cetera Investment Advisers boosted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,129 shares of the company's stock after buying an additional 5,241 shares during the quarter. Cetera Investment Advisers' holdings in J. M. Smucker were worth $3,449,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its holdings in J. M. Smucker by 14.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 19,206 shares of the company's stock worth $2,274,000 after buying an additional 2,479 shares in the last quarter. Carnegie Investment Counsel acquired a new position in J. M. Smucker during the 1st quarter worth $288,000. Mendel Money Management raised its position in shares of J. M. Smucker by 7.4% during the 1st quarter. Mendel Money Management now owns 4,226 shares of the company's stock valued at $500,000 after acquiring an additional 293 shares during the last quarter. AE Wealth Management LLC raised its position in shares of J. M. Smucker by 13.8% during the 1st quarter. AE Wealth Management LLC now owns 32,736 shares of the company's stock valued at $3,876,000 after acquiring an additional 3,967 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of J. M. Smucker by 8.7% during the 1st quarter. Wedbush Securities Inc. now owns 7,774 shares of the company's stock valued at $921,000 after acquiring an additional 624 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Up 1.7%

SJM opened at $110.08 on Tuesday. The company has a 50 day moving average of $104.53 and a 200 day moving average of $108.81. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a market cap of $11.72 billion, a PE ratio of -9.52, a price-to-earnings-growth ratio of 8.22 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.66 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. J. M. Smucker's dividend payout ratio is currently -37.37%.

Insiders Place Their Bets

In other news, Director Tarang Amin bought 1,050 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 target price for the company. Citigroup dropped their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Bank of America dropped their target price on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. UBS Group dropped their target price on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, Barclays dropped their target price on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.67.

J. M. Smucker 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.

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