Foster & Motley Inc. Increases Stock Holdings in The J. M. Smucker Company $SJM

Foster & Motley Inc. increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 116.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,675 shares of the company’s stock after buying an additional 8,430 shares during the quarter. Foster & Motley Inc.’s holdings in J. M. Smucker were worth $1,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in J. M. Smucker during the 3rd quarter valued at $29,000. CYBER HORNET ETFs LLC bought a new position in shares of J. M. Smucker during the second quarter valued at about $27,000. Elevation Point Wealth Partners LLC bought a new position in shares of J. M. Smucker during the second quarter valued at about $28,000. MUFG Securities EMEA plc purchased a new position in J. M. Smucker during the second quarter worth about $31,000. Finally, First Horizon Corp bought a new stake in J. M. Smucker in the 3rd quarter worth about $56,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SJM has been the subject of several analyst reports. Wall Street Zen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Wells Fargo & Company increased their price target on J. M. Smucker from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft dropped their price target on J. M. Smucker from $117.00 to $97.00 and set a “hold” rating on the stock in a report on Monday. Finally, TD Cowen cut their price objective on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $119.60.

J. M. Smucker Stock Up 1.2%

SJM opened at $96.34 on Wednesday. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $120.76. The company’s 50-day moving average price is $106.01 and its two-hundred day moving average price is $104.24. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of -8.17, a PEG ratio of 3.97 and a beta of 0.22. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business posted $2.61 EPS. J. M. Smucker’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, February 13th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.