Janney Montgomery Scott LLC Has $13.09 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Janney Montgomery Scott LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,547 shares of the company's stock after purchasing an additional 5,039 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of J. M. Smucker worth $13,090,000 at the end of the most recent reporting period.

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

J. M. Smucker Stock Up 1.6%

Shares of NYSE:SJM opened at $95.98 on Friday. The company has a market capitalization 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. 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 business has a fifty day moving average price of $110.83 and a two-hundred day moving average price of $110.07. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $1.08 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

SJM has been the topic of a number of research reports. Barclays lowered 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 report on Wednesday, June 11th. Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. UBS Group lowered their price target on 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. Morgan Stanley reissued an "overweight" rating and issued a $124.00 price target (up from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Finally, Stifel Nicolaus lowered their price target on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating for the company in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $115.80.

Insider Transactions at J. M. Smucker

In other news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director now owns 3,825 shares of the company's stock, valued at $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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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