Baker Ellis Asset Management LLC Reduces Stock Position in The J. M. Smucker Company (NYSE:SJM)

Baker Ellis Asset Management LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,995 shares of the company’s stock after selling 365 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in J. M. Smucker were worth $330,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Daymark Wealth Partners LLC lifted its stake in J. M. Smucker by 9.6% in the 4th quarter. Daymark Wealth Partners LLC now owns 64,308 shares of the company’s stock worth $7,082,000 after purchasing an additional 5,641 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in J. M. Smucker by 88.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,465 shares of the company’s stock worth $1,263,000 after purchasing an additional 5,395 shares in the last quarter. Trust Co. of Vermont lifted its stake in J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after purchasing an additional 108 shares in the last quarter. BTS Asset Management Inc. purchased a new stake in J. M. Smucker in the 4th quarter worth approximately $459,000. Finally, Trivant Custom Portfolio Group LLC lifted its stake in J. M. Smucker by 35.7% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock worth $52,000 after purchasing an additional 125 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SJM has been the topic of several recent analyst 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 raised their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Barclays lowered their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. TD Cowen cut 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. Finally, Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $125.00 in a research report on Friday, October 25th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $127.33.

Insiders Place Their Bets

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 shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.40% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $102.58 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 J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The firm’s fifty day moving average is $110.57 and its 200 day moving average is $115.19. The firm has a market cap of $10.92 billion, a P/E ratio of 20.77, a P/E/G ratio of 3.16 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating 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 net margin of 5.96% and a return on equity of 14.35%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.59 EPS. Research analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

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.