Trajan Wealth LLC Has $4.73 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Trajan Wealth LLC increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,035 shares of the company’s stock after buying an additional 4,113 shares during the period. Trajan Wealth LLC’s holdings in J. M. Smucker were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker in the second quarter valued at $26,000. 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 last quarter. Eastern Bank acquired a new position in shares of J. M. Smucker in the third quarter valued at $40,000. Rothschild Investment LLC acquired a new position in shares of J. M. Smucker in the second quarter valued at $42,000. Finally, Trivant Custom Portfolio Group LLC acquired a new position in shares of J. M. Smucker in the third quarter valued at $42,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on SJM. DA Davidson reiterated a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. Bank of America decreased their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Barclays decreased their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, Citigroup decreased their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.42.

J. M. Smucker Trading Down 1.4 %

SJM opened at $113.79 on Wednesday. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62. The company has a 50-day simple moving average of $118.72 and a 200 day simple moving average of $115.65. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 3.32 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 earnings per share. Analysts predict that The J. M. Smucker Company will post 9.81 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $1.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.80%. J. M. Smucker’s dividend payout ratio (DPR) is currently 61.10%.

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.