Golden State Wealth Management LLC Invests $92,000 in The J. M. Smucker Company (NYSE:SJM)

Golden State Wealth Management LLC acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 834 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds also recently bought and sold shares of the company. Probity Advisors Inc. raised its stake in shares of J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock worth $1,065,000 after acquiring an additional 96 shares in the last quarter. Romano Brothers AND Company grew its holdings in shares of J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after purchasing an additional 100 shares during the last quarter. Salem Investment Counselors Inc. raised its position in J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. raised its position in J. M. Smucker by 11.0% in the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after purchasing an additional 102 shares during the period. Finally, Trust Co. of Vermont lifted its stake in J. M. Smucker by 4.1% in the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Up 0.1 %

Shares of NYSE SJM opened at $103.27 on Monday. The firm has a fifty day simple moving average of $108.61 and a two-hundred day simple moving average of $114.44. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $133.23. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $10.99 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. Equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 4.18%. J. M. Smucker’s payout ratio is 87.45%.

Analysts Set New Price Targets

SJM has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays lowered their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus decreased their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $126.78.

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.