Signaturefd LLC Lowers Stock Position in The J. M. Smucker Company (NYSE:SJM)

Signaturefd LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 25.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,250 shares of the company’s stock after selling 756 shares during the quarter. Signaturefd LLC’s holdings in J. M. Smucker were worth $248,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SJM. Capital Advisors Ltd. LLC raised its position 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 acquiring an additional 151 shares in the last quarter. Kentucky Trust Co bought a new position in J. M. Smucker in the fourth quarter worth about $28,000. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker during the fourth quarter valued at about $33,000. Hantz Financial Services Inc. bought a new stake in shares of J. M. Smucker in the 4th quarter valued at about $39,000. Finally, Venturi Wealth Management LLC grew its position in shares of J. M. Smucker by 95.1% in the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company’s stock worth $52,000 after buying an additional 231 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.4 %

SJM stock opened at $109.78 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The firm’s fifty day simple moving average is $107.00 and its 200-day simple moving average is $112.46. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.15. The company has a market capitalization of $11.68 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on SJM shares. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target 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. DA Davidson dropped their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, 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 research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $126.00.

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.