Abundance Wealth Counselors Invests $748,000 in The J. M. Smucker Company $SJM

Abundance Wealth Counselors acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,651 shares of the company’s stock, valued at approximately $748,000.

Several other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in J. M. Smucker in the 3rd quarter valued at about $29,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $27,000. MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $31,000. First Horizon Corp acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $56,000. Finally, Caldwell Trust Co acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 3.0%

J. M. Smucker stock opened at $92.18 on Wednesday. The company has a market cap of $9.83 billion, a P/E ratio of -7.82, a price-to-earnings-growth ratio of 3.89 and a beta of 0.27. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39. The company has a fifty day simple moving average of $103.94 and a 200 day simple moving average of $103.28. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 earnings per share. Research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, February 13th. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

Wall Street Analysts Forecast Growth

SJM has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. TD Cowen reduced their price target on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of J. M. Smucker from $117.00 to $97.00 and set a “hold” rating for the company in a report on Monday, March 30th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $117.94.

J. M. Smucker Profile

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.