Cibc World Markets Corp Has $4.60 Million Position in The J. M. Smucker Company (NYSE:SJM)

Cibc World Markets Corp raised its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,775 shares of the company’s stock after buying an additional 5,482 shares during the quarter. Cibc World Markets Corp’s holdings in J. M. Smucker were worth $4,600,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV grew its position in shares of J. M. Smucker by 4.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,345 shares of the company’s stock worth $1,580,000 after buying an additional 642 shares during the period. Harbour Investments Inc. lifted its holdings in shares of J. M. Smucker by 12.9% during the 4th quarter. Harbour Investments Inc. now owns 10,032 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,149 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of J. M. Smucker by 6.5% during the 4th quarter. Corient Private Wealth LLC now owns 55,767 shares of the company’s stock valued at $6,141,000 after purchasing an additional 3,407 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 4.8% during the 4th quarter. Greenwich Wealth Management LLC now owns 5,601 shares of the company’s stock valued at $617,000 after purchasing an additional 254 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of J. M. Smucker by 7.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 103,593 shares of the company’s stock valued at $11,408,000 after purchasing an additional 7,149 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Down 0.7 %

Shares of J. M. Smucker stock opened at $110.15 on Thursday. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.59. The stock has a market cap of $11.72 billion, a P/E ratio of 22.30, a P/E/G ratio of 3.91 and a beta of 0.28. 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 business’s 50 day moving average is $106.74 and its 200-day moving average is $112.52.

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

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 3.92%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Barclays cut their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. DA Davidson cut their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, TD Cowen cut 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 research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.00.

J. M. Smucker 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.