The J. M. Smucker Company (NYSE:SJM) Stake Lifted by apricus wealth LLC

apricus wealth LLC raised its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,282 shares of the company's stock after buying an additional 4,325 shares during the quarter. J. M. Smucker makes up approximately 2.0% of apricus wealth LLC's holdings, making the stock its 18th largest holding. apricus wealth LLC's holdings in J. M. Smucker were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its holdings in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of J. M. Smucker during the 4th quarter worth about $27,000. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker during the 4th quarter worth about $28,000. Minot DeBlois Advisors LLC purchased a new stake in shares of J. M. Smucker during the 4th quarter worth about $28,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of J. M. Smucker during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Down 1.7%

Shares of SJM traded down $1.64 during trading on Friday, reaching $95.73. The company's stock had a trading volume of 2,925,751 shares, compared to its average volume of 1,233,808. The company has a fifty day moving average of $112.29 and a two-hundred day moving average of $110.61. The J. M. Smucker Company has a twelve month low of $93.93 and a twelve month high of $125.42. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 3.91 and a beta of 0.35. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the company posted $2.66 EPS. J. M. Smucker's quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker's payout ratio is -37.37%.

Analysts Set New Price Targets

SJM has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating for the company in a report on Wednesday. Citigroup decreased their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday. Wall Street Zen upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Wells Fargo & Company decreased their price target on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, UBS Group decreased their price target on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $115.80.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin purchased 1,050 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director now owns 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Company Profile

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.