Cantor Fitzgerald Investment Advisors L.P. Decreases Stake in The J. M. Smucker Company (NYSE:SJM)

Cantor Fitzgerald Investment Advisors L.P. lowered its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,540 shares of the company's stock after selling 7,792 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned about 0.11% of J. M. Smucker worth $13,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SJM. Allworth Financial LP raised its position in J. M. Smucker by 373.8% in the 4th quarter. Allworth Financial LP now owns 8,812 shares of the company's stock valued at $900,000 after purchasing an additional 6,952 shares in the last quarter. CIBC Asset Management Inc raised its position in J. M. Smucker by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 18,600 shares of the company's stock valued at $2,048,000 after purchasing an additional 461 shares in the last quarter. Venturi Wealth Management LLC raised its position in J. M. Smucker by 95.1% in the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company's stock valued at $52,000 after purchasing an additional 231 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in J. M. Smucker by 4.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,494 shares of the company's stock valued at $495,000 after purchasing an additional 173 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in J. M. Smucker by 18.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,723 shares of the company's stock valued at $386,000 after purchasing an additional 572 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Performance

SJM traded up $1.15 during trading on Friday, hitting $97.11. 3,510,579 shares of the stock were exchanged, compared to its average volume of 1,254,239. The firm has a market capitalization of $10.33 billion, a P/E ratio of -8.40, a PEG ratio of 7.34 and a beta of 0.35. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The stock has a fifty day moving average price of $110.45 and a two-hundred day moving average price of $109.93. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.25 by $0.06. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates 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 firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 earnings per share. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 4.45%. J. M. Smucker's dividend payout ratio (DPR) is currently -37.37%.

Insider Buying and Selling at J. M. Smucker

In related news, Director Tarang Amin bought 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were bought at an average cost 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. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred 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 transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SJM. Stifel Nicolaus reduced their price target on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research report on Wednesday, June 11th. Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and cut their target price for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Wells Fargo & Company cut their target price on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. Morgan Stanley reissued an "overweight" rating and set a $124.00 target price (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Finally, UBS Group cut their target price on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $115.80.

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.