Daymark Wealth Partners LLC Acquires 4,521 Shares of The J. M. Smucker Company (NYSE:SJM)

Daymark Wealth Partners LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,829 shares of the company's stock after acquiring an additional 4,521 shares during the quarter. Daymark Wealth Partners LLC owned about 0.06% of J. M. Smucker worth $8,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC lifted its stake in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at $27,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker during the 4th quarter worth $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of J. M. Smucker during the 4th quarter worth $29,000. Finally, Menard Financial Group LLC acquired a new position in shares of J. M. Smucker in the 4th quarter worth $46,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SJM shares. Bank of America decreased their price target on J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. DA Davidson decreased their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Morgan Stanley restated an "overweight" rating and issued a $124.00 price target (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. Citigroup lowered their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Finally, Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and a consensus target price of $115.80.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded up $0.40 during trading on Thursday, reaching $96.12. The stock had a trading volume of 2,013,831 shares, compared to its average volume of 1,265,860. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $109.28 and a two-hundred day simple moving average of $109.53. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of -8.32, a P/E/G ratio of 7.44 and a beta of 0.35. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly 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 negative net margin of 14.10% and a positive return on equity of 15.20%. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the company earned $2.66 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is currently -37.37%.

J. M. Smucker 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.