Atlas Capital Advisors LLC Has $104,000 Position in J M Smucker Co (NYSE:SJM)

Atlas Capital Advisors LLC lifted its stake in J M Smucker Co (NYSE:SJM) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 983 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Atlas Capital Advisors LLC’s holdings in J M Smucker were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tarbox Family Office Inc. increased its stake in shares of J M Smucker by 2.2% in the first quarter. Tarbox Family Office Inc. now owns 4,480 shares of the company’s stock worth $497,000 after purchasing an additional 97 shares in the last quarter. Physicians Financial Services Inc. boosted its holdings in J M Smucker by 3.8% in the 1st quarter. Physicians Financial Services Inc. now owns 2,765 shares of the company’s stock worth $307,000 after buying an additional 100 shares during the period. Shell Asset Management Co. grew its stake in J M Smucker by 1.5% in the 1st quarter. Shell Asset Management Co. now owns 6,823 shares of the company’s stock valued at $757,000 after buying an additional 100 shares in the last quarter. Coastline Trust Co raised its holdings in J M Smucker by 5.1% during the 1st quarter. Coastline Trust Co now owns 2,055 shares of the company’s stock valued at $228,000 after acquiring an additional 100 shares during the period. Finally, Clear Harbor Asset Management LLC raised its holdings in J M Smucker by 2.2% during the 1st quarter. Clear Harbor Asset Management LLC now owns 4,841 shares of the company’s stock valued at $537,000 after acquiring an additional 105 shares during the period. 77.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the transaction, the insider now owns 47,442 shares in the company, valued at approximately $5,218,620. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark R. Belgya sold 7,807 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $108.74, for a total transaction of $848,933.18. Following the completion of the sale, the insider now directly owns 43,604 shares of the company’s stock, valued at $4,741,498.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,807 shares of company stock valued at $1,178,933. 3.60% of the stock is owned by insiders.

J M Smucker stock opened at $109.35 on Friday. J M Smucker Co has a fifty-two week low of $91.88 and a fifty-two week high of $125.62. The firm’s fifty day moving average price is $106.47 and its 200-day moving average price is $109.34. The stock has a market cap of $12.48 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 6.17 and a beta of 0.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.24.

J M Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, June 4th. The company reported $2.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.29. J M Smucker had a return on equity of 12.31% and a net margin of 9.99%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the business posted $2.08 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that J M Smucker Co will post 8.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.90 dividend. This is an increase from J M Smucker’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 13th. This represents a $3.60 dividend on an annualized basis and a yield of 3.29%. J M Smucker’s payout ratio is presently 40.18%.

Several equities analysts have recently weighed in on SJM shares. Guggenheim reduced their price target on J M Smucker from $98.00 to $96.00 and set a “sell” rating for the company in a research report on Thursday, May 28th. Deutsche Bank lifted their target price on J M Smucker from $110.00 to $124.00 and gave the company a “hold” rating in a report on Tuesday, April 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their price target on J M Smucker from $108.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley cut their price objective on shares of J M Smucker from $117.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. Finally, Credit Suisse Group raised shares of J M Smucker from an “underperform” rating to a “neutral” rating and set a $115.00 target price on the stock in a report on Thursday, April 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $113.00.

J M Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded 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 the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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

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