Burney Co. Acquires 130 Shares of The J. M. Smucker Company (NYSE:SJM)

Burney Co. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,628 shares of the company’s stock after buying an additional 130 shares during the period. Burney Co.’s holdings in J. M. Smucker were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SJM. FMR LLC boosted its holdings in J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after acquiring an additional 958,142 shares during the period. State Street Corp lifted its position in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of J. M. Smucker by 186.3% during the second quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock valued at $90,195,000 after purchasing an additional 523,803 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of J. M. Smucker by 891.3% in the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after purchasing an additional 521,404 shares during the last quarter. Finally, Ariel Investments LLC increased its stake in shares of J. M. Smucker by 56.0% in the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after buying an additional 486,624 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

SJM opened at $102.16 on Friday. The J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $134.62. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $111.31 and a two-hundred day simple moving average of $115.38.

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 the consensus estimate 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 company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business earned $2.59 EPS. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.23%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by company insiders.

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.