Creekmur Asset Management LLC Has $824,000 Stake in The J. M. Smucker Company (NYSE:SJM)

Creekmur Asset Management LLC boosted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 16,476.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,962 shares of the company's stock after buying an additional 6,920 shares during the quarter. Creekmur Asset Management LLC's holdings in J. M. Smucker were worth $824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP raised its position in shares of J. M. Smucker by 3.9% during the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock valued at $369,000 after acquiring an additional 116 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of J. M. Smucker by 6.4% during the first quarter. Kingsview Wealth Management LLC now owns 85,202 shares of the company's stock worth $10,089,000 after purchasing an additional 5,089 shares during the period. Bailard Inc. lifted its position in shares of J. M. Smucker by 3.9% in the 1st quarter. Bailard Inc. now owns 12,472 shares of the company's stock worth $1,477,000 after buying an additional 472 shares during the last quarter. West Family Investments Inc. acquired a new position in shares of J. M. Smucker in the 1st quarter valued at about $203,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of J. M. Smucker in the 1st quarter valued at about $417,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Bank of America lowered their price objective on J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Barclays cut their target price on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 11th. UBS Group lowered their price target 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, Morgan Stanley reiterated an "overweight" rating and issued a $124.00 price objective (up from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.33.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin bought 1,050 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.24% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM traded down $2.84 on Friday, hitting $106.06. The stock had a trading volume of 2,281,619 shares, compared to its average volume of 1,337,899. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The firm's 50 day moving average price is $105.38 and its 200-day moving average price is $108.51. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of -9.17, a price-to-earnings-growth ratio of 8.20 and a beta of 0.31.

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

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is -37.37%.

J. M. Smucker Company 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.