Daymark Wealth Partners LLC Purchases 5,641 Shares of The J. M. Smucker Company (NYSE:SJM)

Daymark Wealth Partners LLC grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,308 shares of the company’s stock after buying an additional 5,641 shares during the period. Daymark Wealth Partners LLC’s holdings in J. M. Smucker were worth $7,082,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after purchasing an additional 310 shares during the last quarter. Nordea Investment Management AB raised its holdings in J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after acquiring an additional 192,748 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in J. M. Smucker in the 4th quarter valued at approximately $1,273,000. Signal Advisors Wealth LLC boosted 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 last quarter. Finally, FMR LLC increased its holdings in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after purchasing an additional 958,142 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Up 1.3 %

Shares of SJM opened at $103.43 on Wednesday. The J. M. Smucker Company has a 1 year low of $99.81 and a 1 year high of $134.62. 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 business’s 50 day simple moving average is $110.91 and its 200-day simple moving average is $115.37. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 3.12 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 EPS. As a group, equities analysts expect that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 4.18%. J. M. Smucker’s payout ratio is 87.45%.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.