Resonant Capital Advisors LLC Has $1.47 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Resonant Capital Advisors LLC boosted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,369 shares of the company’s stock after buying an additional 200 shares during the period. Resonant Capital Advisors LLC’s holdings in J. M. Smucker were worth $1,472,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Probity Advisors Inc. grew its stake in J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock worth $1,065,000 after buying an additional 96 shares in the last quarter. Romano Brothers AND Company grew its stake in J. M. Smucker by 3.5% during the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after buying an additional 100 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in J. M. Smucker by 17.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. grew its stake in J. M. Smucker by 11.0% during the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after buying an additional 102 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in J. M. Smucker by 3.5% during the third quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock worth $385,000 after buying an additional 108 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.78.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $106.80 on Monday. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 3.26 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $109.94 and a 200-day moving average of $114.90.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 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 the consensus estimate of $2.27 billion. During the same quarter last year, the firm posted $2.59 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

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 given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.

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.