Burns J W & Co. Inc. NY Lowers Stake in The J. M. Smucker Company (NYSE:SJM)

Burns J W & Co. Inc. NY lowered its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 14.8% during the 1st quarter, HoldingsChannel reports. The fund owned 6,193 shares of the company’s stock after selling 1,075 shares during the period. Burns J W & Co. Inc. NY’s holdings in J. M. Smucker were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJM. Sound View Wealth Advisors Group LLC boosted its position in shares of J. M. Smucker by 1.6% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after purchasing an additional 81 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after acquiring an additional 83 shares in the last quarter. Czech National Bank grew its stake in shares of J. M. Smucker by 0.5% in the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after acquiring an additional 88 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its holdings in shares of J. M. Smucker by 2.0% during the third quarter. Gallagher Fiduciary Advisors LLC now owns 4,837 shares of the company’s stock valued at $595,000 after acquiring an additional 97 shares in the last quarter. Finally, First National Trust Co raised its position in shares of J. M. Smucker by 4.9% in the 4th quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the topic of several recent analyst reports. DA Davidson cut their price objective on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. TD Cowen reduced their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 7th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Citigroup lifted their target price on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Barclays lowered their price target on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average price target of $132.64.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock traded up $0.39 during trading hours on Friday, reaching $109.04. 1,522,340 shares of the stock traded hands, compared to its average volume of 1,396,391. The company has a 50 day moving average price of $112.45 and a 200 day moving average price of $120.32. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $153.94. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.17 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business posted $2.64 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 annualized dividend and a yield of 3.89%. J. M. Smucker’s dividend payout ratio (DPR) is presently 59.55%.

Insider Buying and Selling at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

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.