Blackhawk Capital Partners LLC. Purchases 2,579 Shares of The J. M. Smucker Company (NYSE:SJM)

Blackhawk Capital Partners LLC. grew its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,365 shares of the company’s stock after purchasing an additional 2,579 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in J. M. Smucker were worth $1,692,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC boosted its stake in 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 acquiring an additional 151 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in J. M. Smucker in the fourth quarter worth approximately $654,000. Hudson Edge Investment Partners Inc. increased its position in J. M. Smucker by 13.8% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 44,209 shares of the company’s stock valued at $4,868,000 after acquiring an additional 5,363 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of J. M. Smucker by 39.6% in the fourth quarter. Private Advisor Group LLC now owns 17,471 shares of the company’s stock worth $1,924,000 after buying an additional 4,960 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of J. M. Smucker by 18.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,723 shares of the company’s stock valued at $386,000 after acquiring an additional 572 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on SJM shares. Barclays dropped their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. 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. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $126.78.

J. M. Smucker Stock Up 0.8 %

Shares of NYSE:SJM opened at $110.93 on Tuesday. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. The firm’s 50-day moving average is $106.22 and its two-hundred day moving average is $113.33. 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 firm has a market capitalization of $11.80 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business earned $2.59 EPS. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.89%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s 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 approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.