The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,113 shares of the company's stock after purchasing an additional 6,898 shares during the period. Kingsview Wealth Management LLC owned about 0.08% of J. M. Smucker worth $8,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vest Financial LLC lifted its stake in J. M. Smucker by 17.2% in the fourth quarter. Vest Financial LLC now owns 484,952 shares of the company's stock worth $53,403,000 after acquiring an additional 71,140 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $1,415,000. Golden State Wealth Management LLC purchased a new stake in shares of J. M. Smucker during the 4th quarter worth $92,000. Global X Japan Co. Ltd. boosted its position in shares of J. M. Smucker by 23.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 4,445 shares of the company's stock worth $489,000 after acquiring an additional 832 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of J. M. Smucker by 2.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,340 shares of the company's stock valued at $1,249,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

NYSE SJM traded down $0.49 on Wednesday, hitting $103.86. 1,333,400 shares of the company's stock were exchanged, compared to its average volume of 1,006,754. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm's 50-day moving average price is $107.78 and its two-hundred day moving average price is $114.18. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a fifty-two week low of $99.81 and a fifty-two week high of $130.79.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.59 earnings per share. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's payout ratio is currently 87.45%.

Wall Street Analysts Forecast Growth

SJM has been the subject of several recent analyst reports. Barclays decreased their target price on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Stifel Nicolaus lowered their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. TD Cowen lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $126.78.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.