Proficio Capital Partners LLC Invests $4.80 Million in The J. M. Smucker Company (NYSE:SJM)

Proficio Capital Partners LLC bought a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 43,608 shares of the company's stock, valued at approximately $4,802,000.

A number of other large investors also recently made changes to their positions in SJM. Capital Advisors Ltd. LLC grew its holdings in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of J. M. Smucker in the fourth quarter valued at about $28,000. Kieckhefer Group LLC bought a new position in J. M. Smucker during the fourth quarter worth about $33,000. Hantz Financial Services Inc. acquired a new position in shares of J. M. Smucker during the 4th quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC grew its position in shares of J. M. Smucker by 35.7% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company's stock worth $52,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 81.66% of the company's stock.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the 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 transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Remove Ads

J. M. Smucker Price Performance

SJM stock traded up $0.43 during trading on Friday, reaching $109.78. 2,298,117 shares of the company were exchanged, compared to its average volume of 1,126,468. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.15. 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 company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 3.91 and a beta of 0.28. The company has a 50-day moving average of $106.82 and a two-hundred day moving average of $112.50.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates 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 fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.94%. J. M. Smucker's dividend payout ratio is currently -179.25%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SJM. Stifel Nicolaus reduced their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of "Hold" and an average target price of $126.00.

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.