Toth Financial Advisory Corp Sells 1,689 Shares of The J. M. Smucker Company (NYSE:SJM)

Toth Financial Advisory Corp cut its stake in The J. M. Smucker Company (NYSE:SJM) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,662 shares of the company’s stock after selling 1,689 shares during the quarter. Toth Financial Advisory Corp’s holdings in J. M. Smucker were worth $3,046,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position 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 acquiring an additional 226 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker in the 4th quarter worth approximately $33,000. Quarry LP raised its position in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker in the 3rd quarter worth approximately $39,000. Finally, Eastern Bank bought a new position in shares of J. M. Smucker in the 3rd quarter worth approximately $40,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Up 1.1 %

J. M. Smucker stock opened at $103.65 on Friday. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.12 and a beta of 0.28. The stock has a fifty day simple moving average of $110.50 and a two-hundred day simple moving average of $115.14. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $134.62. 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 announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the business posted $2.59 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.17%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SJM has been the subject of several research reports. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Wells Fargo & Company increased their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Barclays reduced their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.78.

J. M. Smucker 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.