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

Daymark Wealth Partners LLC increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SJM. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock worth $35,721,000 after acquiring an additional 11,339 shares during the period. Asset Management One Co. Ltd. grew its holdings in J. M. Smucker by 1.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 73,222 shares of the company's stock worth $8,100,000 after purchasing an additional 1,303 shares during the period. Private Advisor Group LLC increased its position in J. M. Smucker by 39.6% in the 4th quarter. Private Advisor Group LLC now owns 17,471 shares of the company's stock valued at $1,924,000 after buying an additional 4,960 shares in the last quarter. Sandy Spring Bank raised its position in shares of J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of J. M. Smucker by 124.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock valued at $1,471,000 after buying an additional 7,414 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SJM. UBS Group decreased their price objective on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a report on Friday. Citigroup cut their price target on shares of J. M. Smucker from $129.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Jefferies Financial Group reaffirmed a "hold" rating on shares of J. M. Smucker in a research report on Wednesday, May 28th. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Finally, DA Davidson dropped their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $125.30.

J. M. Smucker Price Performance

NYSE SJM traded up $0.87 during trading hours on Monday, hitting $111.75. The company had a trading volume of 2,042,693 shares, compared to its average volume of 1,142,665. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. The firm has a 50 day simple moving average of $113.88 and a 200 day simple moving average of $111.22.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $1.08 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

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.