Jamison Private Wealth Management Inc. Boosts Stock Position in The J. M. Smucker Company (NYSE:SJM)

Jamison Private Wealth Management Inc. boosted its position in The J. M. Smucker Company (NYSE:SJM) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,952 shares of the company’s stock after purchasing an additional 326 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in J. M. Smucker were worth $2,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SJM. Probity Advisors Inc. lifted its position in J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after acquiring an additional 96 shares during the last quarter. Anchor Investment Management LLC boosted its position in shares of J. M. Smucker by 0.5% in the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after purchasing an additional 99 shares in the last quarter. Romano Brothers AND Company grew its stake in J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after buying an additional 100 shares during the last quarter. Salem Investment Counselors Inc. increased its position in J. M. Smucker by 17.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in J. M. Smucker by 11.0% in the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after acquiring an additional 102 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is owned by company insiders.

J. M. Smucker Stock Up 1.1 %

J. M. Smucker stock opened at $103.65 on Friday. 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 stock has a market capitalization of $11.03 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.28. The business has a 50 day simple moving average of $110.50 and a 200-day simple moving average of $115.18. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly 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. The company 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 firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.59 EPS. On average, analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

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