Trajan Wealth LLC Buys 4,307 Shares of The J. M. Smucker Company (NYSE:SJM)

Trajan Wealth LLC grew its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,342 shares of the company's stock after purchasing an additional 4,307 shares during the quarter. Trajan Wealth LLC's holdings in J. M. Smucker were worth $4,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Speece Thorson Capital Group Inc. boosted its holdings in shares of J. M. Smucker by 24.5% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 141,485 shares of the company's stock worth $15,580,000 after buying an additional 27,883 shares in the last quarter. MetLife Investment Management LLC grew its holdings in J. M. Smucker by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 28,105 shares of the company's stock worth $3,095,000 after purchasing an additional 488 shares during the period. Natixis raised its holdings in shares of J. M. Smucker by 14.0% during the fourth quarter. Natixis now owns 2,470 shares of the company's stock valued at $272,000 after purchasing an additional 304 shares during the period. Norinchukin Bank The boosted its holdings in J. M. Smucker by 7.5% in the fourth quarter. Norinchukin Bank The now owns 4,590 shares of the company's stock worth $505,000 after acquiring an additional 321 shares in the last quarter. Finally, Ossiam lifted its holdings in shares of J. M. Smucker by 18.6% in the 4th quarter. Ossiam now owns 2,139 shares of the company's stock worth $236,000 after purchasing an additional 336 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson cut their price target on 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. Barclays decreased their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. UBS Group assumed coverage on J. M. Smucker in a report on Wednesday. They set a "buy" rating and a $134.00 price objective for the company. Morgan Stanley initiated coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, J. M. Smucker currently has an average rating of "Hold" and a consensus target price of $126.50.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $0.10 during midday trading on Wednesday, reaching $117.63. 731,328 shares of the company were exchanged, compared to its average volume of 1,178,656. 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 market capitalization of $12.52 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 3.91 and a beta of 0.35. The firm's 50-day simple moving average is $112.78 and its 200-day simple moving average is $111.82. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share 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 business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. On average, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, May 16th. J. M. Smucker's payout ratio is currently -179.25%.

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.