The J. M. Smucker Company (NYSE:SJM) Stock Holdings Increased by First Horizon Advisors Inc.

Posted by Defense World Staff on Feb 15th, 2023

First Horizon Advisors Inc. grew its position in shares of The J. M. Smucker Company (NYSE:SJM – Get Rating) by 76.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272 shares of the company’s stock after buying an additional 118 shares during the period. First Horizon Advisors Inc.’s holdings in J. M. Smucker were worth $36,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SJM. Jones Financial Companies Lllp boosted its holdings in J. M. Smucker by 63.9% in the second quarter. Jones Financial Companies Lllp now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 78 shares during the period. Klaas Financial Asset Advisors LLC acquired a new stake in J. M. Smucker during the third quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new stake in J. M. Smucker during the second quarter worth about $27,000. Center for Financial Planning Inc. lifted its holdings in J. M. Smucker by 20,000.0% in the third quarter. Center for Financial Planning Inc. now owns 201 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Finally, Clear Street Markets LLC boosted its stake in J. M. Smucker by 415.9% in the second quarter. Clear Street Markets LLC now owns 227 shares of the company’s stock valued at $29,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 79.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on SJM shares. The Goldman Sachs Group reissued a “sell” rating and issued a $123.00 price target on shares of J. M. Smucker in a report on Monday, November 21st. JPMorgan Chase & Co. boosted their price target on shares of J. M. Smucker from $153.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, November 22nd. Exane BNP Paribas began coverage on shares of J. M. Smucker in a report on Tuesday, November 15th. They issued an “underperform” rating on the stock. Morgan Stanley raised shares of J. M. Smucker from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $135.00 to $158.00 in a research note on Tuesday, December 20th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of J. M. Smucker from $148.00 to $153.00 and gave the company a “hold” rating in a research note on Tuesday, December 6th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $149.70.

J. M. Smucker Price Performance

NYSE SJM opened at $147.04 on Wednesday. The J. M. Smucker Company has a 12 month low of $119.82 and a 12 month high of $163.07. The firm has a market capitalization of $15.67 billion, a PE ratio of 27.59, a P/E/G ratio of 5.20 and a beta of 0.21. The company’s 50 day simple moving average is $154.22 and its 200 day simple moving average is $146.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.43.

J. M. Smucker (NYSE:SJM – Get Rating) last issued its quarterly earnings results on Monday, November 21st. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.21. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a return on equity of 11.31% and a net margin of 7.01%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $2.43 EPS. As a group, equities research analysts forecast that The J. M. Smucker Company will post 8.68 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, February 9th. J. M. Smucker’s payout ratio is 76.55%.

J. M. Smucker Company Profile

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The J. M. Smucker Co engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee.