SG Americas Securities LLC Has $2.79 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

SG Americas Securities LLC lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 285.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,304 shares of the company’s stock after acquiring an additional 18,739 shares during the period. SG Americas Securities LLC’s holdings in J. M. Smucker were worth $2,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $33,000. Quarry LP increased its holdings in J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker in the third quarter valued at about $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker during the third quarter worth about $40,000. 81.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of analyst reports. Barclays cut their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $126.78.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Trading Up 1.1 %

NYSE SJM opened at $103.65 on Friday. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. 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 stock’s 50 day moving average price is $110.50 and its two-hundred day moving average price is $115.18. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.12 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. As a group, analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.17%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

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.