The J. M. Smucker Company (NYSE:SJM) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,610 shares of the company’s stock after selling 172 shares during the quarter. Mather Group LLC.’s holdings in J. M. Smucker were worth $177,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC increased its position in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in J. M. Smucker during the 4th quarter worth about $33,000. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker in the 3rd quarter valued at about $39,000. Hantz Financial Services Inc. purchased a new position in J. M. Smucker in the 4th quarter valued at about $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker during the third quarter worth $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SJM shares. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Barclays cut their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Stock Performance

Shares of SJM opened at $103.10 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a 50 day moving average price of $108.90 and a two-hundred day moving average price of $114.55. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $133.85. The firm has a market capitalization of $10.97 billion, a P/E ratio of 20.87, a P/E/G ratio of 3.26 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.59 EPS. Equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

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.