Dorato Capital Management Acquires Shares of 16,121 The J. M. Smucker Company $SJM

Dorato Capital Management acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,121 shares of the company’s stock, valued at approximately $1,682,000. J. M. Smucker comprises approximately 1.3% of Dorato Capital Management’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in SJM. Wesbanco Bank Inc. grew its stake in J. M. Smucker by 2.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock worth $393,000 after buying an additional 102 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of J. M. Smucker by 1.2% during the third quarter. Wedbush Securities Inc. now owns 8,861 shares of the company’s stock worth $962,000 after acquiring an additional 106 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of J. M. Smucker by 22.9% in the 3rd quarter. IFP Advisors Inc now owns 586 shares of the company’s stock valued at $64,000 after acquiring an additional 109 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of J. M. Smucker by 5.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,437 shares of the company’s stock valued at $265,000 after acquiring an additional 118 shares during the period. Finally, Glenmede Investment Management LP raised its position in J. M. Smucker by 1.5% in the 3rd quarter. Glenmede Investment Management LP now owns 8,393 shares of the company’s stock valued at $911,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of J. M. Smucker from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $119.60.

J. M. Smucker Stock Up 0.0%

Shares of NYSE:SJM opened at $95.54 on Friday. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $120.76. 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 firm’s 50-day simple moving average is $105.75 and its 200-day simple moving average is $104.12. The company has a market cap of $10.19 billion, a price-to-earnings ratio of -8.10, a PEG ratio of 4.15 and a beta of 0.27.

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, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company posted $2.61 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were given a $1.10 dividend. The ex-dividend date was Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.6%. J. M. Smucker’s dividend 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.