Mendel Money Management Buys 117 Shares of The J. M. Smucker Company (NYSE:SJM)

Mendel Money Management boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 3,933 shares of the company’s stock after acquiring 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 SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its position 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 during the period. Kentucky Trust Co acquired a new position in J. M. Smucker during the 4th quarter worth approximately $28,000. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker during the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. bought a new stake in shares of J. M. Smucker in the fourth quarter worth $39,000. Finally, Sandy Spring Bank boosted its holdings in J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock worth $47,000 after purchasing an additional 396 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was 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 of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $111.31 on Wednesday. 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 stock has a 50-day moving average of $107.37 and a 200-day moving average of $112.23. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $127.15. The company has a market cap of $11.85 billion, a PE ratio of 22.53, a P/E/G ratio of 3.91 and a beta of 0.28.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.88%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SJM. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. DA Davidson lowered their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Morgan Stanley started coverage on shares of J. M. Smucker in a research note on Monday. They issued an “overweight” rating and a $123.00 target price for the company. Two equities research 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 MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $125.67.

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.