The J. M. Smucker Company (NYSE:SJM) Shares Bought by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,365 shares of the company’s stock after purchasing an additional 2,579 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in J. M. Smucker were worth $1,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC increased its stake in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after buying an additional 151 shares during the period. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at $28,000. Venturi Wealth Management LLC boosted its holdings in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares during the period. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the 4th quarter worth about $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker during the 3rd quarter valued at $39,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

J. M. Smucker Stock Performance

NYSE SJM opened at $110.93 on Tuesday. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The firm’s fifty day moving average price is $106.22 and its two-hundred day moving average price is $113.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market cap of $11.80 billion, a PE ratio of 22.45, a PEG ratio of 3.91 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.59 earnings per share. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the business’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 transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

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.