Mutual Advisors LLC Purchases 21,366 Shares of The J. M. Smucker Company (NYSE:SJM)

Mutual Advisors LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1,074.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,355 shares of the company’s stock after acquiring an additional 21,366 shares during the period. Mutual Advisors LLC’s holdings in J. M. Smucker were worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Probity Advisors Inc. lifted its stake in J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock worth $1,065,000 after purchasing an additional 96 shares during the last quarter. Anchor Investment Management LLC lifted its position in shares of J. M. Smucker by 0.5% during the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after buying an additional 99 shares during the last quarter. Romano Brothers AND Company boosted its stake in J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after buying an additional 100 shares in the last quarter. Salem Investment Counselors Inc. grew its position in J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in J. M. Smucker by 11.0% during 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. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available through this link. Insiders own 3.40% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM opened at $102.58 on Friday. The business has a 50-day moving average of $110.57 and a 200-day moving average of $115.19. The J. M. Smucker Company has a 1 year low of $99.81 and a 1 year high of $134.62. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 3.12 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results 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 net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company earned $2.59 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

Analysts Set New Price Targets

SJM has been the topic of a number of research analyst reports. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $125.00 in a research note on Friday, October 25th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays lowered their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.33.

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.