18,560 Shares in The J. M. Smucker Company (NYSE:SJM) Bought by HBW Advisory Services LLC

HBW Advisory Services LLC acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,560 shares of the company's stock, valued at approximately $2,198,000.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC lifted its position in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $27,000. Kentucky Trust Co acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $28,000. Minot DeBlois Advisors LLC bought a new position in J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in J. M. Smucker during the 4th quarter worth $29,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

Shares of SJM traded down $1.12 on Thursday, reaching $110.91. 917,357 shares of the company's stock traded hands, compared to its average volume of 1,144,513. The stock has a market cap of $11.80 billion, a PE ratio of 22.45, a PEG ratio of 3.91 and a beta of 0.35. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The stock's 50 day simple moving average is $114.19 and its two-hundred day simple moving average is $111.25.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is -179.25%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm'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 directly owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $594,902.42. Following the transaction, 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. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. DA Davidson decreased their price target 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. Morgan Stanley assumed coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective for the company. Citigroup reduced their price target on J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $125.70.

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.