Greenwich Wealth Management LLC Grows Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Greenwich Wealth Management LLC grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,601 shares of the company’s stock after purchasing an additional 254 shares during the period. Greenwich Wealth Management LLC’s holdings in J. M. Smucker were worth $617,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Salem Investment Counselors Inc. raised its holdings in J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Vermont raised its holdings in J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after acquiring an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after acquiring an additional 115 shares during the last quarter. Code Waechter LLC raised its holdings in J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after acquiring an additional 124 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its holdings in J. M. Smucker by 35.7% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock worth $52,000 after acquiring an additional 125 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 0.1 %

Shares of SJM stock opened at $111.62 on Friday. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm has a fifty day moving average price of $106.53 and a 200-day moving average price of $112.59. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is currently -179.25%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. 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 research note on Tuesday, March 11th. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Stifel Nicolaus decreased their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.00.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction 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 owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.