Ronald Blue Trust Inc. Has $263,000 Position in The J. M. Smucker Company (NYSE:SJM)

Posted by Defense World Staff on Jun 30th, 2023

Ronald Blue Trust Inc. raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 16.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,660 shares of the company’s stock after purchasing an additional 233 shares during the quarter. Ronald Blue Trust Inc.’s holdings in J. M. Smucker were worth $263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trilogy Capital Inc. lifted its stake in shares of J. M. Smucker by 20.0% during the 1st quarter. Trilogy Capital Inc. now owns 2,245 shares of the company’s stock worth $353,000 after buying an additional 374 shares during the last quarter. Czech National Bank boosted its holdings in shares of J. M. Smucker by 0.7% during the first quarter. Czech National Bank now owns 12,560 shares of the company’s stock worth $1,977,000 after acquiring an additional 84 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $213,000. JGP Wealth Management LLC increased its stake in shares of J. M. Smucker by 4.4% during the first quarter. JGP Wealth Management LLC now owns 10,160 shares of the company’s stock worth $1,599,000 after purchasing an additional 424 shares during the period. Finally, Dakota Wealth Management acquired a new stake in J. M. Smucker during the 1st quarter worth approximately $687,000. 75.58% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $146.33 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. The stock has a market cap of $14.93 billion, a PE ratio of -157.34, a P/E/G ratio of 3.00 and a beta of 0.22. The J. M. Smucker Company has a 12-month low of $125.82 and a 12-month high of $163.07. The business’s 50-day moving average price is $152.00 and its two-hundred day moving average price is $152.79.

J. M. Smucker (NYSE:SJM – Free Report) last announced its quarterly earnings results on Tuesday, June 6th. The company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.23. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.17 billion. J. M. Smucker had a negative net margin of 1.07% and a positive return on equity of 11.89%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.23 EPS. As a group, analysts expect that The J. M. Smucker Company will post 9.52 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Thursday, May 11th. J. M. Smucker’s dividend payout ratio (DPR) is -438.71%.

Analysts Set New Price Targets

SJM has been the topic of several recent research reports. TheStreet cut J. M. Smucker from an “a-” rating to a “c+” rating in a research report on Tuesday, June 6th. Barclays dropped their price objective on shares of J. M. Smucker from $165.00 to $160.00 in a research note on Thursday, June 8th. UBS Group decreased their target price on shares of J. M. Smucker from $159.00 to $157.00 in a research report on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of J. M. Smucker from $158.00 to $152.00 in a research report on Monday, June 12th. Finally, 58.com reissued a “maintains” rating on shares of J. M. Smucker in a research report on Thursday, June 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $154.42.

Insiders Place Their Bets

In other news, COO John P. Brase sold 10,000 shares of J. M. Smucker stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $148.86, for a total transaction of $1,488,600.00. Following the sale, the chief operating officer now directly owns 15,780 shares of the company’s stock, valued at $2,349,010.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO John P. Brase sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $148.86, for a total transaction of $1,488,600.00. Following the completion of the transaction, the chief operating officer now owns 15,780 shares of the company’s stock, valued at $2,349,010.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard K. Smucker sold 19,576 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $151.95, for a total transaction of $2,974,573.20. Following the completion of the sale, the director now directly owns 623,605 shares in the company, valued at approximately $94,756,779.75. The disclosure for this sale can be found here. Insiders sold a total of 42,550 shares of company stock valued at $6,443,176 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

J. M. Smucker Profile

(Free Report)

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, shortening and oils, and 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.

Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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