Crews Bank & Trust Purchases New Position in The J. M. Smucker Company (NYSE:SJM)

Crews Bank & Trust acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 954 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SJM. Venturi Wealth Management LLC boosted its holdings in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Quarry LP lifted its position in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after buying an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker in the 3rd quarter valued at $39,000. Finally, Hantz Financial Services Inc. purchased a new stake in J. M. Smucker in the 4th quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SJM. Barclays dropped their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. Stifel Nicolaus cut their price objective on 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. Wells Fargo & Company raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $126.78.

J. M. Smucker Stock Down 0.9 %

Shares of SJM opened at $106.80 on Friday. The stock has a fifty day simple moving average of $109.94 and a two-hundred day simple moving average of $114.96. 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 company has a market capitalization of $11.37 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 3.23 and a beta of 0.28. The J. M. Smucker Company has a 52-week low of $99.81 and a 52-week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 4.04%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

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.