S.A. Mason LLC Buys 155 Shares of The J. M. Smucker Company (NYSE:SJM)

S.A. Mason LLC boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,699 shares of the company’s stock after acquiring an additional 155 shares during the period. S.A. Mason LLC’s holdings in J. M. Smucker were worth $407,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the period. Kieckhefer Group LLC purchased a new position in J. M. Smucker in the 4th quarter valued at approximately $33,000. Quarry LP raised its holdings in J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after acquiring an additional 219 shares during the period. Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker during the 3rd quarter valued at $39,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker during the fourth quarter worth $39,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SJM has been the topic of a number of analyst reports. 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 research note on Wednesday, December 4th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price objective 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, Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $126.78.

J. M. Smucker Trading Down 0.9 %

SJM opened at $106.80 on Monday. 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 one year low of $99.81 and a one year high of $134.62. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.26 and a beta of 0.27. The business has a 50 day simple moving average of $109.94 and a two-hundred day simple moving average of $114.90.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.59 earnings per share. Analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current 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 given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

J. M. Smucker Company 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.