1,660 Shares in The J. M. Smucker Company (NYSE:SJM) Purchased by Brookstone Capital Management

Brookstone Capital Management bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,660 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds have also made changes to their positions in SJM. Vest Financial LLC grew its holdings in J. M. Smucker by 58.3% during the 4th quarter. Vest Financial LLC now owns 238,048 shares of the company’s stock worth $30,085,000 after acquiring an additional 87,682 shares during the last quarter. Naples Global Advisors LLC grew its holdings in J. M. Smucker by 5.6% during the 4th quarter. Naples Global Advisors LLC now owns 9,833 shares of the company’s stock worth $1,243,000 after acquiring an additional 523 shares during the last quarter. Marshall Financial Group LLC grew its holdings in J. M. Smucker by 21.7% during the 4th quarter. Marshall Financial Group LLC now owns 17,629 shares of the company’s stock worth $2,228,000 after acquiring an additional 3,141 shares during the last quarter. Sound Income Strategies LLC grew its holdings in J. M. Smucker by 2,450.0% during the 4th quarter. Sound Income Strategies LLC now owns 714 shares of the company’s stock worth $90,000 after acquiring an additional 686 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in J. M. Smucker by 363.8% during the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after acquiring an additional 999,315 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 2.0 %

J. M. Smucker stock opened at $125.77 on Thursday. The company’s 50 day simple moving average is $126.01 and its 200 day simple moving average is $121.86. The J. M. Smucker Company has a fifty-two week low of $107.33 and a fifty-two week high of $159.92. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of -142.92, a PEG ratio of 1.97 and a beta of 0.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the firm posted $2.21 earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.6 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, February 15th. J. M. Smucker’s payout ratio is currently -481.82%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SJM shares. Citigroup decreased their price objective on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of J. M. Smucker from $125.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, December 6th. Wells Fargo & Company initiated coverage on shares of J. M. Smucker in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 target price on the stock. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Saturday, March 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $122.00 target price on shares of J. M. Smucker in a research note on Wednesday, December 6th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $137.20.

About J. M. Smucker

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.