Corient Private Wealth LLC Buys 3,407 Shares of The J. M. Smucker Company (NYSE:SJM)

Corient Private Wealth LLC boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,767 shares of the company's stock after buying an additional 3,407 shares during the period. Corient Private Wealth LLC owned approximately 0.05% of J. M. Smucker worth $6,141,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SJM. Capital Advisors Ltd. LLC grew its holdings in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter worth $28,000. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at about $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker during the fourth quarter worth about $39,000. Finally, Venturi Wealth Management LLC grew 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 worth $52,000 after purchasing an additional 231 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SJM. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. StockNews.com cut J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Thursday, March 20th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Morgan Stanley assumed coverage on shares of J. M. Smucker in a research note on Monday. They issued an "overweight" rating and a $123.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $125.67.

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J. M. Smucker Stock Performance

J. M. Smucker stock traded down $0.44 during mid-day trading on Tuesday, reaching $111.31. The company's stock had a trading volume of 885,158 shares, compared to its average volume of 1,128,841. The firm's fifty day moving average price is $107.37 and its two-hundred day moving average price is $112.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.15. The company has a market capitalization of $11.85 billion, a P/E ratio of 22.53, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.88%. The ex-dividend date was Friday, February 14th. J. M. Smucker's dividend payout ratio is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.40% of the company's stock.

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.