Kingsview Wealth Management LLC Purchases 6,898 Shares of The J. M. Smucker Company (NYSE:SJM)

Kingsview Wealth Management LLC lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,113 shares of the company’s stock after buying an additional 6,898 shares during the period. Kingsview Wealth Management LLC owned approximately 0.08% of J. M. Smucker worth $8,822,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SJM. Cetera Investment Advisers grew its stake in J. M. Smucker by 2.9% in the 2nd quarter. Cetera Investment Advisers now owns 24,886 shares of the company’s stock valued at $2,714,000 after purchasing an additional 712 shares during the period. Sanctuary Advisors LLC bought a new position in J. M. Smucker during the second quarter valued at about $1,002,000. Czech National Bank increased its holdings in J. M. Smucker by 7.2% during the third quarter. Czech National Bank now owns 21,681 shares of the company’s stock worth $2,626,000 after buying an additional 1,449 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in J. M. Smucker in the third quarter worth about $73,000. Finally, Meyer Handelman Co. purchased a new position in J. M. Smucker in the third quarter valued at about $543,000. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the firm’s 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 in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

NYSE SJM opened at $103.27 on Friday. The company’s 50 day simple moving average is $108.61 and its two-hundred day simple moving average is $114.46. 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 J. M. Smucker Company has a 1 year low of $99.81 and a 1 year high of $133.23. The stock has a market capitalization of $10.99 billion, a PE ratio of 20.90, a P/E/G ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $2.59 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. Analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

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 paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SJM shares. Barclays lowered 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 report on Wednesday, December 4th. Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus cut 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 research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Company Profile

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.