Atlas Capital Advisors Inc. Increases Stock Position in The J. M. Smucker Company (NYSE:SJM)

Atlas Capital Advisors Inc. lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 2,516.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,779 shares of the company’s stock after purchasing an additional 1,711 shares during the period. Atlas Capital Advisors Inc.’s holdings in J. M. Smucker were worth $196,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Capital Advisors Ltd. LLC increased its position in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co purchased a new stake in J. M. Smucker during the 4th quarter worth about $28,000. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the 4th quarter valued at about $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker in the 4th quarter valued at about $39,000. Finally, Sandy Spring Bank boosted its stake in shares of J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company’s stock worth $47,000 after purchasing an additional 396 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 2.8 %

SJM opened at $115.03 on Friday. The company has a market cap of $12.24 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42. The firm has a 50 day moving average price of $109.70 and a 200 day moving average price of $112.20.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Sell-side analysts expect 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley started coverage on J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target on the stock. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. DA Davidson reduced their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.67.

Insiders Place Their Bets

In other news, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

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.