Burns J W & Co. Inc. NY Sells 1,140 Shares of The J. M. Smucker Company (NYSE:SJM)

Burns J W & Co. Inc. NY reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 24.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,470 shares of the company’s stock after selling 1,140 shares during the period. Burns J W & Co. Inc. NY’s holdings in J. M. Smucker were worth $382,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SJM. FMR LLC boosted its position in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares during the period. State Street Corp boosted its holdings in shares of J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares during the period. Bank of Montreal Can grew its stake in J. M. Smucker by 186.3% in the second quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after purchasing an additional 523,803 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in J. M. Smucker by 891.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock worth $70,226,000 after purchasing an additional 521,404 shares during the period. Finally, Ariel Investments LLC lifted its holdings in shares of 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 buying an additional 486,624 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM traded up $1.32 during mid-day trading on Monday, reaching $102.22. The company had a trading volume of 988,999 shares, compared to its average volume of 1,091,081. The stock has a 50 day moving average of $112.64 and a two-hundred day moving average of $115.73. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $10.88 billion, a P/E ratio of 20.69, a PEG ratio of 3.46 and a beta of 0.28. The J. M. Smucker Company has a 52-week low of $100.77 and a 52-week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company earned $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, analysts expect that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SJM shares. Barclays dropped their target price 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. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $125.00 in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average price target of $127.33.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker 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 owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by 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.