Federated Hermes Inc. Purchases 467 Shares of The J. M. Smucker Company (NYSE:SJM)

Federated Hermes Inc. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,457 shares of the company’s stock after acquiring an additional 467 shares during the quarter. Federated Hermes Inc.’s holdings in J. M. Smucker were worth $1,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. increased its stake in J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after buying an additional 100 shares during the last quarter. Trust Co. of Vermont increased its position in shares of J. M. Smucker by 4.1% in the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after acquiring an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in J. M. Smucker by 6.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after acquiring an additional 115 shares in the last quarter. Mendel Money Management boosted its position in J. M. Smucker by 3.1% during the fourth quarter. Mendel Money Management now owns 3,933 shares of the company’s stock valued at $433,000 after purchasing an additional 117 shares during the last quarter. Finally, Code Waechter LLC grew its stake in J. M. Smucker by 2.5% in the fourth quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock valued at $553,000 after purchasing an additional 124 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49 % 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. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. 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 report on Friday, January 24th. Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective for the company. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Barclays cut their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Stock Up 1.7 %

SJM stock opened at $117.88 on Tuesday. The business’s fifty day moving average price is $110.97 and its two-hundred day moving average price is $111.85. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. 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 data 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. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.66%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

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.