S.A. Mason LLC Has $445,000 Stock Position in The J. M. Smucker Company (NYSE:SJM)

S.A. Mason LLC cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,525 shares of the company’s stock after selling 200 shares during the period. S.A. Mason LLC’s holdings in J. M. Smucker were worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of J. M. Smucker by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after purchasing an additional 162,944 shares in the last quarter. BlackRock Inc. grew its position in J. M. Smucker by 6.3% in the second quarter. BlackRock Inc. now owns 10,001,040 shares of the company’s stock valued at $1,476,854,000 after acquiring an additional 593,263 shares during the last quarter. Geode Capital Management LLC raised its stake in J. M. Smucker by 3.2% during the second quarter. Geode Capital Management LLC now owns 2,358,087 shares of the company’s stock worth $347,342,000 after acquiring an additional 73,553 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of J. M. Smucker by 85,116.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock worth $333,130,000 after acquiring an additional 2,099,830 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of J. M. Smucker by 8.3% in the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock worth $246,525,000 after acquiring an additional 139,158 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Up 2.0 %

SJM stock opened at $125.77 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The stock has a 50-day moving average price of $126.01 and a 200-day moving average price of $121.86. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the company posted $2.21 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts expect that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio is presently -481.81%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SJM. Deutsche Bank Aktiengesellschaft upped their price objective on shares of J. M. Smucker from $125.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, December 6th. DA Davidson initiated coverage on J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price objective on the stock. Citigroup dropped their target price on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Barclays boosted their price target on J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $122.00 price objective on shares of J. M. Smucker in a report on Wednesday, December 6th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $137.20.

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.