Forza Wealth Management LLC Sells 100 Shares of The J. M. Smucker Company (NYSE:SJM)

Forza Wealth Management LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,140 shares of the company’s stock after selling 100 shares during the period. Forza Wealth Management LLC’s holdings in J. M. Smucker were worth $521,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sound View Wealth Advisors Group LLC boosted its stake in J. M. Smucker by 1.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after buying an additional 81 shares during the period. Tradition Wealth Management LLC boosted its position in shares of J. M. Smucker by 7.3% during the 4th quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after acquiring an additional 83 shares during the last quarter. Czech National Bank grew its holdings in shares of J. M. Smucker by 0.5% during the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after purchasing an additional 88 shares in the last quarter. Shell Asset Management Co. increased its position in shares of J. M. Smucker by 4.4% in the third quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock worth $268,000 after purchasing an additional 93 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC raised its stake in J. M. Smucker by 2.0% in the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock valued at $595,000 after purchasing an additional 97 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Stifel Nicolaus raised J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Wednesday, February 28th. Barclays boosted their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Citigroup reduced their target price 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. DA Davidson started coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.47.

J. M. Smucker Stock Up 0.9 %

NYSE SJM traded up $1.05 during mid-day trading on Monday, reaching $114.65. The stock had a trading volume of 1,511,017 shares, compared to its average volume of 1,277,793. The company has a fifty day moving average price of $119.91 and a 200 day moving average price of $120.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The J. M. Smucker Company has a 1 year low of $107.33 and a 1 year high of $159.92. The stock has a market cap of $12.17 billion, a PE ratio of -130.28, a price-to-earnings-growth ratio of 1.81 and a beta of 0.21.

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

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.70%. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by company insiders.

J. M. Smucker 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.