1,599 Shares in The J. M. Smucker Company (NYSE:SJM) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC bought a new position in The J. M. Smucker Company (NYSE:SJM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,599 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its stake in shares of J. M. Smucker by 300.0% in the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Advantage Trust Co bought a new stake in J. M. Smucker in the fourth quarter valued at $25,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker during the fourth quarter valued at about $33,000. Valley National Advisers Inc. boosted its position in shares of J. M. Smucker by 2,266.7% during the 4th quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after purchasing an additional 272 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at about $43,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SJM shares. TD Cowen dropped their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. DA Davidson cut their target price on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Barclays reduced their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Citigroup lifted their price objective on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $132.64.

J. M. Smucker Trading Down 1.4 %

Shares of SJM stock opened at $109.12 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 2.18 and a beta of 0.25. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $153.94. The company has a 50-day simple moving average of $111.86 and a two-hundred day simple moving average of $119.90.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.64 EPS. Research analysts anticipate that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s payout ratio is 59.55%.

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.