The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth boosted its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 357.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,891 shares of the company's stock after acquiring an additional 32,743 shares during the quarter. Focus Partners Wealth's holdings in J. M. Smucker were worth $4,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SJM. Capital Advisors Ltd. LLC boosted its holdings in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after acquiring an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $27,000. Kentucky Trust Co purchased a new stake in J. M. Smucker in the fourth quarter worth about $28,000. Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $39,000. Finally, Sandy Spring Bank raised its position in shares of J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 1.7%

Shares of SJM traded up $1.99 during midday trading on Tuesday, reaching $115.43. 123,884 shares of the stock were exchanged, compared to its average volume of 1,220,220. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.42. The company's 50 day moving average is $114.07 and its two-hundred day moving average is $111.26. The company has a market capitalization of $12.28 billion, a P/E ratio of 23.36, a PEG ratio of 3.91 and a beta of 0.36.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.74%. J. M. Smucker's dividend payout ratio is currently -179.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group started coverage on J. M. Smucker in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 price objective on the stock. DA Davidson dropped their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Barclays reduced their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Morgan Stanley assumed coverage on J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target on the stock. Finally, StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $125.70.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $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. Company insiders own 3.40% of the company's stock.

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.