Alpha Omega Wealth Management LLC Has $1.12 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Alpha Omega Wealth Management LLC trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,308 shares of the company’s stock after selling 108 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in J. M. Smucker were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SJM. Boston Partners bought a new position in shares of J. M. Smucker in the first quarter valued at approximately $364,990,000. Norges Bank bought a new position in J. M. Smucker during the fourth quarter valued at $157,077,000. Point72 Asset Management L.P. grew its holdings in J. M. Smucker by 21,858.1% during the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock valued at $86,027,000 after purchasing an additional 677,600 shares during the period. Vanguard Group Inc. grew its holdings in J. M. Smucker by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after purchasing an additional 518,433 shares during the period. Finally, Ilex Capital Partners UK LLP bought a new position in J. M. Smucker during the first quarter valued at $48,207,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup reduced their price objective on J. M. Smucker from $139.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Barclays reduced their price objective on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a report on Monday, June 10th. Argus cut their price target on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Finally, DA Davidson cut their price target on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $132.57.

J. M. Smucker Stock Down 0.6 %

Shares of NYSE SJM traded down $0.68 during mid-day trading on Monday, hitting $121.36. 974,081 shares of the stock traded hands, compared to its average volume of 1,219,019. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $147.48. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.42 and a beta of 0.25. The stock has a fifty day moving average price of $115.63 and a 200-day moving average price of $116.88.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $2.64 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Research analysts anticipate that The J. M. Smucker Company will post 10.05 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.56%. J. M. Smucker’s payout ratio is presently 60.67%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction on Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 78,757 shares in the company, valued at $8,675,871.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is 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.