Daymark Wealth Partners LLC Has $7.08 Million Stock Position in The J. M. Smucker Company (NYSE:SJM)

Daymark Wealth Partners LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,308 shares of the company’s stock after purchasing an additional 5,641 shares during the quarter. Daymark Wealth Partners LLC owned about 0.06% of J. M. Smucker worth $7,082,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SJM. FMR LLC increased its holdings in shares of J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after acquiring an additional 958,142 shares in the last quarter. State Street Corp grew its position in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares during the period. Bank of Montreal Can increased its stake in J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock valued at $90,195,000 after purchasing an additional 523,803 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of J. M. Smucker by 891.3% in the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after buying an additional 521,404 shares in the last quarter. Finally, Ariel Investments LLC grew its holdings in shares of J. M. Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after buying an additional 486,624 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of analyst reports. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Barclays lowered their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $127.33.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Up 1.3 %

SJM stock opened at $103.43 on Wednesday. The stock has a 50-day simple moving average of $110.91 and a two-hundred day simple moving average of $115.37. The J. M. Smucker Company has a twelve month low of $99.81 and a twelve month high of $134.62. The firm has a market capitalization of $11.01 billion, a PE ratio of 20.94, a PEG ratio of 3.12 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating 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 firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business earned $2.59 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio is currently 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.