Richard C. Young & CO. LTD. Sells 714 Shares of The J. M. Smucker Company (NYSE:SJM)

Richard C. Young & CO. LTD. trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 8.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,901 shares of the company’s stock after selling 714 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in J. M. Smucker were worth $870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers grew its stake in J. M. Smucker by 2.9% during the second quarter. Cetera Investment Advisers now owns 24,886 shares of the company’s stock valued at $2,714,000 after acquiring an additional 712 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $1,002,000. Czech National Bank grew its position in shares of J. M. Smucker by 7.2% during the third quarter. Czech National Bank now owns 21,681 shares of the company’s stock valued at $2,626,000 after purchasing an additional 1,449 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of J. M. Smucker in the third quarter worth about $73,000. Finally, Meyer Handelman Co. bought a new stake in shares of J. M. Smucker in the third quarter worth about $543,000. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Price Performance

SJM opened at $103.27 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The business has a fifty day moving average of $108.61 and a 200 day moving average of $114.46. The J. M. Smucker Company has a 52-week low of $99.81 and a 52-week high of $133.23. The stock has a market cap of $10.99 billion, a P/E ratio of 20.90, a PEG ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted 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 for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior 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. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.18%. J. M. Smucker’s payout ratio is 87.45%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SJM shares. Barclays cut their price target on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. 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 report on Wednesday, November 27th. Finally, Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $126.78.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by insiders.

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.