apricus wealth LLC Increases Holdings in The J. M. Smucker Company (NYSE:SJM)

apricus wealth LLC grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,257 shares of the company’s stock after buying an additional 770 shares during the quarter. J. M. Smucker accounts for approximately 1.9% of apricus wealth LLC’s holdings, making the stock its 21st biggest holding. apricus wealth LLC’s holdings in J. M. Smucker were worth $2,816,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Boston Partners purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at about $364,990,000. Dimensional Fund Advisors LP raised its position in shares of J. M. Smucker by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company’s stock valued at $194,435,000 after buying an additional 135,158 shares in the last quarter. ProShare Advisors LLC raised its position in shares of J. M. Smucker by 14.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,526,074 shares of the company’s stock valued at $166,403,000 after buying an additional 192,075 shares in the last quarter. Champlain Investment Partners LLC raised its position in J. M. Smucker by 29.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after purchasing an additional 327,680 shares during the period. Finally, Ariel Investments LLC raised its position in J. M. Smucker by 56.0% in the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

NYSE SJM opened at $117.04 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.25 and a current ratio of 0.55. The firm’s 50 day moving average price is $119.04 and its 200-day moving average price is $115.59. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The company has a market cap of $12.45 billion, a PE ratio of 16.55, a P/E/G ratio of 3.12 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $2.21 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Sell-side analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.69%. J. M. Smucker’s dividend payout ratio is presently 61.10%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SJM shares. Bank of America reduced their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. TD Cowen reduced their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Citigroup reduced their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company reduced their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Company 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.