The J. M. Smucker Company (NYSE:SJM) Position Lessened by SPC Financial Inc.

SPC Financial Inc. decreased its stake in The J. M. Smucker Company (NYSE:SJM) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,820 shares of the company’s stock after selling 100 shares during the period. SPC Financial Inc.’s holdings in J. M. Smucker were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SJM. Capital Advisors Ltd. LLC lifted its holdings in shares of J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares during the last quarter. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 1,329.4% in the 3rd 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 last quarter. Kieckhefer Group LLC bought a new stake in J. M. Smucker during the 4th quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker during the 3rd quarter valued at $39,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.5 %

Shares of J. M. Smucker stock opened at $109.32 on Thursday. The stock’s fifty day moving average is $106.17 and its 200-day moving average is $112.99. The firm has a market capitalization of $11.63 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. 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 J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $127.59.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equities analysts anticipate that The J. M. Smucker Company will post 9.88 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, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.95%. J. M. Smucker’s dividend payout ratio is -179.25%.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on SJM shares. Stifel Nicolaus cut their target price on 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. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Monday. Barclays cut their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $126.13.

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.