apricus wealth LLC Increases Stock Position in The J. M. Smucker Company (NYSE:SJM)

apricus wealth LLC lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 23,957 shares of the company’s stock after acquiring an additional 700 shares during the quarter. J. M. Smucker makes up about 1.7% of apricus wealth LLC’s portfolio, making the stock its 22nd largest holding. apricus wealth LLC’s holdings in J. M. Smucker were worth $2,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SJM. Venturi Wealth Management LLC grew its holdings in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares during the last quarter. Kieckhefer Group LLC purchased a new position in shares of J. M. Smucker in the 4th quarter valued at approximately $33,000. Quarry LP increased its holdings in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker during the third quarter worth approximately $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker during the third quarter worth $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 1.1 %

Shares of J. M. Smucker stock opened at $103.65 on Friday. 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 has a 50 day moving average price of $110.50 and a 200 day moving average price of $115.14. The company has a market capitalization of $11.03 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.12 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.59 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.17%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company 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. Barclays decreased their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $126.78.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

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.