Mayflower Financial Advisors LLC Sells 1,355 Shares of The J. M. Smucker Company (NYSE:SJM)

Mayflower Financial Advisors LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,931 shares of the company’s stock after selling 1,355 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in J. M. Smucker were worth $433,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Probity Advisors Inc. lifted its stake in J. M. Smucker by 1.1% in the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after purchasing an additional 96 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after buying an additional 99 shares in the last quarter. Romano Brothers AND Company lifted its stake in shares of J. M. Smucker by 3.5% in the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after acquiring an additional 100 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of J. M. Smucker by 17.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. grew its position in J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after acquiring an additional 102 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on SJM shares. Wells Fargo & Company lifted 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. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus dropped 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 research note on Friday, January 24th. Finally, Barclays reduced 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 note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $126.78.

Insiders Place Their Bets

In other 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 completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $106.09 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm’s fifty day simple moving average is $110.19 and its two-hundred day simple moving average is $115.08. The J. M. Smucker Company has a 12 month low of $99.81 and a 12 month high of $134.62. The stock has a market capitalization of $11.29 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 3.12 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, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations 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 was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.59 earnings per share. As a group, analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current 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 paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

About J. M. Smucker

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.