Alpha Omega Wealth Management LLC Lowers Holdings in The J. M. Smucker Company (NYSE:SJM)

Alpha Omega Wealth Management LLC reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,017 shares of the company’s stock after selling 104 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in J. M. Smucker were worth $1,103,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Raymond James Trust N.A. raised its holdings in J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after acquiring an additional 310 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of J. M. Smucker in the fourth quarter worth $1,273,000. Signal Advisors Wealth LLC lifted its holdings in shares of J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after purchasing an additional 9,982 shares in the last quarter. Finally, FMR LLC increased its holdings in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SJM shares. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Barclays dropped their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average price target of $126.78.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the 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 completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction 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

NYSE SJM opened at $106.80 on Friday. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.23 and a beta of 0.28. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $134.62. The company’s 50 day moving average is $109.94 and its two-hundred day moving average is $114.96. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.59 EPS. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 4.04%. J. M. Smucker’s dividend payout ratio is presently 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.