AssuredPartners Investment Advisors LLC Buys Shares of 5,075 The J. M. Smucker Company (NYSE:SJM)

AssuredPartners Investment Advisors LLC acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,075 shares of the company's stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Salem Investment Counselors Inc. increased its holdings in shares of J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company's stock valued at $73,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont grew its stake in J. M. Smucker by 4.1% in the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company's stock valued at $301,000 after purchasing an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company's stock worth $203,000 after purchasing an additional 115 shares in the last quarter. Mendel Money Management lifted its position in shares of J. M. Smucker by 3.1% during the fourth quarter. Mendel Money Management now owns 3,933 shares of the company's stock valued at $433,000 after buying an additional 117 shares during the last quarter. Finally, Code Waechter LLC boosted its holdings in shares of J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company's stock valued at $553,000 after buying an additional 124 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

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Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm'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 transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Price Performance

SJM traded up $0.09 during trading on Tuesday, hitting $118.50. The company's stock had a trading volume of 225,302 shares, compared to its average volume of 1,171,702. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.75. The business's fifty day simple moving average is $108.54 and its 200 day simple moving average is $112.17. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

Analysts Set New Price Targets

A number of research firms recently commented on SJM. 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 report on Friday, January 24th. Barclays reduced their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday. Morgan Stanley started coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 target price on the stock. Finally, DA Davidson lowered their price target on 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $125.67.

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.