GHP Investment Advisors Inc. Has $4.24 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

GHP Investment Advisors Inc. lowered its position in The J. M. Smucker Company (NYSE:SJM) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,537 shares of the company’s stock after selling 2,982 shares during the period. GHP Investment Advisors Inc.’s holdings in J. M. Smucker were worth $4,244,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after buying an additional 762,746 shares during the period. FMR LLC lifted its stake in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares during the period. Nordea Investment Management AB boosted its position in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after purchasing an additional 192,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in J. M. Smucker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock worth $119,966,000 after purchasing an additional 13,276 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in J. M. Smucker by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 703,971 shares of the company’s stock worth $85,251,000 after purchasing an additional 31,745 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

J. M. Smucker Trading Down 0.9 %

SJM opened at $103.10 on Friday. The firm has a market capitalization of $10.97 billion, a PE ratio of 20.87, a P/E/G ratio of 3.26 and a beta of 0.27. 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 J. M. Smucker Company has a fifty-two week low of $99.81 and a fifty-two week high of $133.85. The company’s 50-day moving average is $108.90 and its 200 day moving average is $114.55.

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

J. M. Smucker Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.19%. J. M. Smucker’s payout ratio is 87.45%.

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.