Creative Financial Designs Inc. ADV Purchases 642 Shares of The J. M. Smucker Company (NYSE:SJM)

Creative Financial Designs Inc. ADV lifted its position in The J. M. Smucker Company (NYSE:SJM) by 4.7% in the 4th quarter, Holdings Channel reports. The fund owned 14,345 shares of the company’s stock after acquiring an additional 642 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in J. M. Smucker were worth $1,580,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SJM. FMR LLC grew its stake in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares during the last quarter. State Street Corp grew its stake in shares of J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after buying an additional 762,746 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after buying an additional 521,404 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $32,988,000. Finally, Amundi grew its stake in shares of J. M. Smucker by 49.3% in the 4th quarter. Amundi now owns 628,381 shares of the company’s stock worth $66,250,000 after buying an additional 207,477 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays cut their price target on 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. Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. 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. Finally, Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus target price of $126.00.

J. M. Smucker Stock Performance

Shares of SJM opened at $111.89 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59. The firm has a market capitalization of $11.91 billion, a P/E ratio of 22.65, a PEG ratio of 3.91 and a beta of 0.28. The business has a fifty day moving average of $106.58 and a 200 day moving average of $112.56.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.23 billion. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is currently -179.25%.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $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 accessible through the SEC website. 3.40% of the stock is currently owned by corporate 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.