CreativeOne Wealth LLC Purchases 764 Shares of The J. M. Smucker Company (NYSE:SJM)

CreativeOne Wealth LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 12.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,120 shares of the company’s stock after acquiring an additional 764 shares during the period. CreativeOne Wealth LLC’s holdings in J. M. Smucker were worth $862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its position in shares of J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after buying an additional 310 shares during the period. Assenagon Asset Management S.A. grew its holdings in J. M. Smucker by 6,703.1% in the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after purchasing an additional 157,523 shares during the period. Cetera Investment Advisers increased its stake in shares of J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after purchasing an additional 9,250 shares in the last quarter. Swedbank AB lifted its holdings in shares of J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock valued at $13,915,000 after purchasing an additional 15,792 shares during the last quarter. Finally, M&G Plc bought a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $603,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of SJM opened at $117.79 on Friday. The firm has a market capitalization of $12.54 billion, a P/E ratio of 23.89, a PEG ratio of 3.29 and a beta of 0.25. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.25. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The business has a fifty day moving average of $116.34 and a 200 day moving average of $115.63.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $2.59 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.85 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.67%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SJM. Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup dropped their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Bank of America decreased their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $128.00.

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.