Wealth Enhancement Advisory Services LLC Acquires 1,056 Shares of The J. M. Smucker Company (NYSE:SJM)

Wealth Enhancement Advisory Services LLC grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 6.8% during the 2nd quarter, Holdings Channel reports. The fund owned 16,522 shares of the company’s stock after buying an additional 1,056 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in J. M. Smucker were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound View Wealth Advisors Group LLC raised its holdings in J. M. Smucker by 1.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after purchasing an additional 81 shares during the period. Tradition Wealth Management LLC raised its stake in shares of J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after buying an additional 83 shares during the period. Czech National Bank lifted its position in shares of J. M. Smucker by 0.5% during the 1st quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after buying an additional 88 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of J. M. Smucker by 0.7% during the 1st quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock valued at $1,803,000 after acquiring an additional 93 shares during the period. Finally, First National Trust Co increased its holdings in J. M. Smucker by 4.9% in the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after acquiring an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SJM. Citigroup upped their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays lowered their price objective on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Argus cut their target price on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Finally, DA Davidson lowered their price target 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. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $132.64.

Insider Activity

In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Down 0.6 %

SJM stock opened at $118.81 on Monday. The firm has a market cap of $12.62 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.39 and a beta of 0.25. The firm has a fifty day moving average price of $114.50 and a 200 day moving average price of $117.32. 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 J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $147.48.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $2.64 EPS. Sell-side analysts anticipate that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 dividend on an annualized basis and a yield of 3.64%. J. M. Smucker’s dividend payout ratio is 60.67%.

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.