The J. M. Smucker Company (NYSE:SJM) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,716 shares of the company’s stock after selling 200 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in J. M. Smucker were worth $204,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after purchasing an additional 762,746 shares during the last quarter. FMR LLC raised its holdings in shares of J. M. Smucker by 40.0% in the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after acquiring an additional 958,142 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of J. M. Smucker by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after acquiring an additional 135,158 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of J. M. Smucker by 14.4% during the second quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock valued at $166,403,000 after acquiring an additional 192,075 shares during the last quarter. Finally, Ariel Investments LLC increased its position in J. M. Smucker by 56.0% during the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.8 %

Shares of NYSE:SJM opened at $109.89 on Monday. The stock has a 50-day simple moving average of $115.13 and a 200-day simple moving average of $115.94. The stock has a market capitalization of $11.69 billion, a P/E ratio of 22.24, a PEG ratio of 3.46 and a beta of 0.26. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (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 period in the previous year, the firm earned $2.59 earnings per share. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SJM shares. Barclays reduced their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. TD Cowen decreased their target price on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Wells Fargo & Company raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Bank of America dropped their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $128.56.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % 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. Company insiders own 3.40% of the company’s stock.

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.