Carlton Hofferkamp & Jenks Wealth Management LLC Has $312,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,002 shares of the company’s stock after selling 142 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in J. M. Smucker were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SJM. Capital Advisors Ltd. LLC increased its holdings in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC increased 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 in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SJM shares. Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday. Wells Fargo & Company raised their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday. Finally, Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.13.

J. M. Smucker Trading Up 1.5 %

NYSE:SJM opened at $112.14 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.59. The firm 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 business’s 50-day moving average price is $106.21 and its two-hundred day moving average price is $113.06.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

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

J. M. Smucker Company 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.