Ingalls & Snyder LLC Sells 490 Shares of The J. M. Smucker Company (NYSE:SJM)

Ingalls & Snyder LLC lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,368 shares of the company’s stock after selling 490 shares during the period. Ingalls & Snyder LLC’s holdings in J. M. Smucker were worth $371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kentucky Trust Co bought a new stake in J. M. Smucker in the 4th quarter valued at $28,000. Venturi Wealth Management LLC raised its stake in J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares during the period. Kieckhefer Group LLC bought a new stake in J. M. Smucker in the 4th quarter valued at $33,000. Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker in the 3rd quarter valued at $39,000. Finally, Hantz Financial Services Inc. bought a new stake in J. M. Smucker in the 4th quarter valued at $39,000. Institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SJM. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company increased their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Barclays decreased their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. 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 a consensus price target of $126.78.

J. M. Smucker Stock Performance

SJM opened at $102.07 on Friday. The firm has a market cap of $10.86 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 52-week low of $99.81 and a 52-week high of $127.59. 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 business’s fifty day moving average is $107.27 and its 200-day moving average is $114.00.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion for 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%. J. M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.59 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS 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. Stockholders 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 dividend yield of 4.23%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $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 is available through this link. 3.40% of the stock is currently 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.