Clark & Stuart Inc Raises Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Clark & Stuart Inc grew its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,434 shares of the company's stock after buying an additional 2,811 shares during the period. J. M. Smucker makes up 6.2% of Clark & Stuart Inc's portfolio, making the stock its 4th biggest position. Clark & Stuart Inc owned approximately 0.07% of J. M. Smucker worth $8,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Utah Retirement Systems raised its stake in J. M. Smucker by 0.6% in the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock valued at $1,888,000 after buying an additional 100 shares during the period. Wallace Capital Management Inc. raised its stake in J. M. Smucker by 4.9% in the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock valued at $235,000 after buying an additional 100 shares during the period. Mendel Money Management raised its stake in J. M. Smucker by 3.1% in the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock valued at $433,000 after buying an additional 117 shares during the period. Rowlandmiller & PARTNERS.ADV raised its stake in J. M. Smucker by 2.6% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock valued at $551,000 after buying an additional 119 shares during the period. Finally, GeoWealth Management LLC raised its stake in J. M. Smucker by 15.0% in the fourth quarter. GeoWealth Management LLC now owns 967 shares of the company's stock valued at $106,000 after buying an additional 126 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SJM shares. Stifel Nicolaus dropped their price objective on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research note on Wednesday, June 11th. DA Davidson dropped their price objective on 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. Citigroup dropped their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Wall Street Zen upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Wells Fargo & Company lowered their target price on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $115.80.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of J. M. Smucker stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, with a total value of $100,894.50. Following the acquisition, the director now owns 3,825 shares in the company, valued at $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the firm's 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 directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $95.98 on Friday. The stock's fifty day moving average price is $110.83 and its two-hundred day moving average price is $110.07. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The firm has a market cap of $10.21 billion, a PE ratio of -8.30, a price-to-earnings-growth ratio of 7.34 and a beta of 0.35.

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

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 4.50%. J. M. Smucker's dividend payout ratio (DPR) is presently -37.37%.

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.

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