The J. M. Smucker Company (NYSE:SJM) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 67.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,280 shares of the company's stock after selling 10,907 shares during the quarter. Wealthfront Advisers LLC's holdings in J. M. Smucker were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SJM. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker during the 4th quarter worth about $27,000. Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of J. M. Smucker during the 4th quarter worth about $29,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker during the 1st quarter worth about $33,000. Finally, Menard Financial Group LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth about $46,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In related 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 cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director directly owned 3,825 shares in the company, valued at $367,544.25. The trade was a 37.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SJM. Bank of America cut their target price on J. M. Smucker from $118.00 to $105.00 and set a "neutral" 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. 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 report on Wednesday, June 11th. Wells Fargo & Company cut their price target 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. Finally, Royal Bank Of Canada started coverage on J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 price target on the stock. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, J. M. Smucker currently has an average rating of "Moderate Buy" and a consensus price target of $117.33.

J. M. Smucker Price Performance

SJM traded up $0.35 during trading on Thursday, reaching $109.47. 361,789 shares of the stock were exchanged, compared to its average volume of 1,559,940. The business's 50 day moving average price is $105.19 and its two-hundred day moving average price is $108.44. 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 company has a market capitalization of $11.66 billion, a price-to-earnings ratio of -9.47, a P/E/G ratio of 8.36 and a beta of 0.31. 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 posted its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. The company had revenue of $2.14 billion for 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%. J. M. Smucker's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 earnings per share. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.02%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker's payout ratio is -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.