Atria Wealth Solutions Inc. Grows Stock Position in The J. M. Smucker Company (NYSE:SJM)

Atria Wealth Solutions Inc. grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,494 shares of the company’s stock after acquiring an additional 173 shares during the period. Atria Wealth Solutions Inc.’s holdings in J. M. Smucker were worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Venturi Wealth Management LLC raised its holdings in J. M. Smucker by 95.1% in the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company’s stock valued at $52,000 after buying an additional 231 shares during the period. CIBC Asset Management Inc increased its stake in shares of J. M. Smucker by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 18,600 shares of the company’s stock worth $2,048,000 after buying an additional 461 shares during the period. Philip James Wealth Mangement LLC raised its holdings in shares of J. M. Smucker by 302.3% in the 4th quarter. Philip James Wealth Mangement LLC now owns 8,190 shares of the company’s stock valued at $902,000 after purchasing an additional 6,154 shares in the last quarter. Hourglass Capital LLC raised its stake in J. M. Smucker by 5.9% in the fourth quarter. Hourglass Capital LLC now owns 30,380 shares of the company’s stock valued at $3,345,000 after buying an additional 1,700 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in J. M. Smucker by 373.8% during the fourth quarter. Allworth Financial LP now owns 8,812 shares of the company’s stock worth $900,000 after purchasing an additional 6,952 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling

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 value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by insiders.

J. M. Smucker Stock Performance

SJM opened at $109.47 on Friday. 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 company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The business has a 50 day moving average price of $106.17 and a two-hundred day moving average price of $113.24. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed 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 dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is 87.45%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on 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. Barclays decreased their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.