Kingdom Financial Group LLC. Takes Position in The J. M. Smucker Company $SJM

Kingdom Financial Group LLC. bought a new stake in The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,574 shares of the company’s stock, valued at approximately $545,000.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after acquiring an additional 1,763 shares during the last quarter. United Services Automobile Association acquired a new position in J. M. Smucker in the 1st quarter worth approximately $253,000. Empowered Funds LLC raised its position in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares during the last quarter. Woodline Partners LP increased its stake in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after acquiring an additional 2,600 shares during the period. Finally, American Century Companies Inc. boosted its holdings in J. M. Smucker by 6.7% in the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $101.95 on Friday. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of -8.65, a price-to-earnings-growth ratio of 4.80 and a beta of 0.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The business has a 50-day moving average of $97.74 and a 200 day moving average of $102.06. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the firm earned $2.61 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.04 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is -37.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Morgan Stanley dropped their price target on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. BNP Paribas Exane set a $125.00 target price on shares of J. M. Smucker in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a report on Wednesday. Finally, Barclays decreased their target price on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus target price of $116.35.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.