Maridea Wealth Management LLC Takes Position in The J. M. Smucker Company (NYSE:SJM)

Maridea Wealth Management LLC bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,676 shares of the company's stock, valued at approximately $295,000.

Other hedge funds also recently modified their holdings of the company. Capital Advisors Ltd. LLC raised its position in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares during the period. Kentucky Trust Co purchased a new position in J. M. Smucker during the 4th quarter valued at about $28,000. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $33,000. Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker in the fourth quarter worth approximately $39,000. Finally, Sandy Spring Bank boosted its holdings in shares of J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after purchasing an additional 396 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

NYSE:SJM traded up $1.75 during midday trading on Thursday, reaching $120.20. The stock had a trading volume of 278,605 shares, compared to its average volume of 1,172,088. The stock has a market capitalization of $12.79 billion, a P/E ratio of 24.33, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. 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's fifty day simple moving average is $109.16 and its 200-day simple moving average is $112.20.

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J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly 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 return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.59%. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SJM shares. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. 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 report on Friday, January 24th. Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. DA Davidson dropped their target price on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley began coverage on J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $125.67.

Insider Transactions at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction dated 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 in the company, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares of the company's stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

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.