Signal Advisors Wealth LLC Grows Stake in The J. M. Smucker Company (NYSE:SJM)

Signal Advisors Wealth LLC lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 336.3% in the 4th quarter, HoldingsChannel reports. The firm owned 12,950 shares of the company’s stock after buying an additional 9,982 shares during the quarter. Signal Advisors Wealth LLC’s holdings in J. M. Smucker were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SJM. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the period. Kieckhefer Group LLC purchased a new position in shares of J. M. Smucker during the 4th quarter valued at $33,000. Quarry LP grew its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in J. M. Smucker in the 3rd quarter worth about $39,000. Finally, Eastern Bank bought a new stake in J. M. Smucker in the 3rd quarter valued at about $40,000. Institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SJM. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Barclays reduced their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $127.33.

J. M. Smucker Stock Performance

NYSE:SJM opened at $102.22 on Tuesday. The stock has a market cap of $10.88 billion, a P/E ratio of 20.69, a PEG ratio of 3.46 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $112.41 and its two-hundred day moving average price is $115.69. The J. M. Smucker Company has a twelve month low of $100.77 and a twelve month high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm posted $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.23%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

About J. M. Smucker

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.