Mendel Money Management Has $433,000 Stake in The J. M. Smucker Company (NYSE:SJM)

Mendel Money Management grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,933 shares of the company’s stock after purchasing an additional 117 shares during the quarter. Mendel Money Management’s holdings in J. M. Smucker were worth $433,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after buying an additional 11,339 shares during the last quarter. Raymond James Trust N.A. grew its position in 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 increased its holdings in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of J. M. Smucker during the fourth quarter valued at about $1,273,000. Finally, Signal Advisors Wealth LLC increased its stake in J. M. Smucker by 336.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after acquiring an additional 9,982 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SJM shares. Morgan Stanley started coverage on J. M. Smucker in a report on Monday. They set an “overweight” rating and a $123.00 price objective on the stock. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday, March 20th. Barclays dropped their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. DA Davidson decreased their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $125.67.

J. M. Smucker Stock Down 0.4 %

NYSE:SJM opened at $111.31 on Wednesday. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 3.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock’s fifty day moving average price is $107.37 and its two-hundred day moving average price is $112.23. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.15.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. On average, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.88%. 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.