Mount Yale Investment Advisors LLC Invests $397,000 in The J. M. Smucker Company (NYSE:SJM)

Mount Yale Investment Advisors LLC purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,157 shares of the company’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SJM. Wolverine Asset Management LLC grew its holdings in J. M. Smucker by 300.0% in the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Advantage Trust Co purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $25,000. Cooksen Wealth LLC purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC acquired a new position in J. M. Smucker during the first quarter valued at approximately $35,000. Finally, Valley National Advisers Inc. lifted its position in J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock valued at $35,000 after buying an additional 272 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SJM. Argus reduced their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. DA Davidson reduced their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Barclays reduced their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. TD Cowen reduced their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Citigroup lifted their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average target price of $132.64.

J. M. Smucker Stock Down 0.1 %

SJM traded down $0.15 during trading on Monday, hitting $118.04. The company had a trading volume of 874,040 shares, compared to its average volume of 1,238,770. The company has a market cap of $12.53 billion, a PE ratio of 16.60, a P/E/G ratio of 2.36 and a beta of 0.25. The business has a 50-day moving average of $112.10 and a 200-day moving average of $118.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The J. M. Smucker Company has a 1-year low of $105.69 and a 1-year high of $153.00.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.34. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.64 earnings per share. As a group, analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.66%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio is currently 59.55%.

Insider Transactions at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 78,757 shares in the company, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.