Trajan Wealth LLC Buys 4,307 Shares of The J. M. Smucker Company (NYSE:SJM)

Trajan Wealth LLC raised its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,342 shares of the company's stock after acquiring an additional 4,307 shares during the period. Trajan Wealth LLC's holdings in J. M. Smucker were worth $4,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of J. M. Smucker by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock worth $35,721,000 after purchasing an additional 11,339 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock worth $150,082,000 after purchasing an additional 192,748 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of J. M. Smucker in the fourth quarter worth approximately $1,273,000. Signal Advisors Wealth LLC grew its position in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock valued at $1,426,000 after buying an additional 9,982 shares during the period. Finally, Douglas Lane & Associates LLC increased its holdings in J. M. Smucker by 6.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company's stock valued at $29,875,000 after buying an additional 16,963 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $0.22 during mid-day trading on Friday, reaching $115.47. 368,801 shares of the company's stock traded hands, compared to its average volume of 1,174,678. 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 J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.42. The stock has a 50 day moving average of $113.05 and a two-hundred day moving average of $111.81. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.74%. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective for the company. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. UBS Group started coverage on J. M. Smucker in a report on Wednesday. They issued a "buy" rating and a $134.00 price target on the stock. Finally, DA Davidson cut their price objective 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $126.50.

Insider Activity

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business'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 completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction 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 of the company's stock, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.