Foster & Motley Inc. Purchases 8,430 Shares of The J. M. Smucker Company $SJM

Foster & Motley Inc. lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 116.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

A number of other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth about $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at about $28,000. Root Financial Partners LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new stake in shares of J. M. Smucker during the 2nd quarter valued at about $31,000. Finally, Caldwell Trust Co acquired a new stake in J. M. Smucker during the second quarter worth approximately $52,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

SJM has been the subject of several recent analyst reports. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. TD Cowen dropped their target price on shares of 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. Morgan Stanley reissued an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, February 23rd. Finally, Barclays upped their price objective on shares of J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $119.60.

J. M. Smucker Trading Up 1.2%

NYSE SJM opened at $96.34 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $120.76. The business has a 50 day moving average price of $106.01 and a 200-day moving average price of $104.24. The company has a market cap of $10.28 billion, a price-to-earnings ratio of -8.17, a P/E/G ratio of 3.97 and a beta of 0.22.

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

J. M. Smucker Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.6%. J. M. Smucker’s payout ratio is presently -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.