Mark Sheptoff Financial Planning LLC Sells 1,213 Shares of The J. M. Smucker Company (NYSE:SJM)

Mark Sheptoff Financial Planning LLC lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 8.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,422 shares of the company’s stock after selling 1,213 shares during the period. J. M. Smucker accounts for about 0.7% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 29th largest holding. Mark Sheptoff Financial Planning LLC’s holdings in J. M. Smucker were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in 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 purchasing an additional 151 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $28,000. Kieckhefer Group LLC purchased a new position in J. M. Smucker in the 4th quarter worth approximately $33,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker in the 4th quarter worth approximately $39,000. Finally, Sandy Spring Bank boosted its stake in J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on SJM shares. DA Davidson decreased their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus lowered 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. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley started coverage on shares of J. M. Smucker in a research note on Monday. They set an “overweight” rating and a $123.00 target price for the company. Finally, StockNews.com lowered J. M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $125.67.

J. M. Smucker Price Performance

NYSE SJM opened at $111.31 on Wednesday. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.15. The company’s 50 day moving average is $107.37 and its two-hundred day moving average is $112.23. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released its 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. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.88%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

About J. M. Smucker

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.