Daymark Wealth Partners LLC Has $5.65 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Daymark Wealth Partners LLC boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,799 shares of the company’s stock after acquiring an additional 1,643 shares during the quarter. Daymark Wealth Partners LLC’s holdings in J. M. Smucker were worth $5,648,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth about $279,000. Congress Wealth Management LLC DE grew its stake in shares of J. M. Smucker by 6.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,178 shares of the company’s stock worth $275,000 after acquiring an additional 141 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of J. M. Smucker by 39.1% during the 4th quarter. Hsbc Holdings PLC now owns 329,223 shares of the company’s stock worth $41,452,000 after acquiring an additional 92,580 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of J. M. Smucker by 0.7% in the fourth quarter. TD Asset Management Inc now owns 393,347 shares of the company’s stock valued at $49,711,000 after purchasing an additional 2,653 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of J. M. Smucker by 2.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 71,267 shares of the company’s stock valued at $9,007,000 after purchasing an additional 1,451 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

NYSE SJM opened at $118.24 on Thursday. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The stock has a market cap of $12.58 billion, a PE ratio of 16.61, a P/E/G ratio of 3.11 and a beta of 0.24. The firm has a 50-day moving average of $118.88 and a 200-day moving average of $116.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.21 earnings per share. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SJM shares. DA Davidson reiterated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Barclays decreased their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Bank of America dropped their price objective on 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. Finally, Argus decreased their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $127.25.

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.