The J. M. Smucker Company (NYSE:SJM) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,002 shares of the company’s stock after selling 142 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in J. M. Smucker were worth $312,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after purchasing an additional 11,339 shares during the period. Raymond James Trust N.A. raised its stake in J. M. Smucker by 6.8% during the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after purchasing an additional 310 shares during the period. Nordea Investment Management AB raised its stake in J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after purchasing an additional 192,748 shares during the period. Miracle Mile Advisors LLC acquired a new stake in J. M. Smucker during the 4th quarter valued at $1,273,000. Finally, Signal Advisors Wealth LLC raised its stake in J. M. Smucker by 336.3% during the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after purchasing an additional 9,982 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Up 1.5 %

J. M. Smucker stock opened at $112.14 on Tuesday. 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 $11.93 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.91 and a beta of 0.27. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.59. The company’s fifty day moving average price is $106.21 and its two-hundred day moving average price is $113.06.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping 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 firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is presently -179.25%.

Analysts Set New Price Targets

Several analysts have issued reports on SJM shares. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday. Barclays dropped their price target 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. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.13.

About J. M. Smucker

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.