Beese Fulmer Investment Management Inc. Sells 692 Shares of The J. M. Smucker Company (NYSE:SJM)

Beese Fulmer Investment Management Inc. trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,818 shares of the company’s stock after selling 692 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in J. M. Smucker were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Probity Advisors Inc. grew its position in J. M. Smucker by 1.1% during the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after buying an additional 96 shares during the period. Romano Brothers AND Company increased 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 purchasing an additional 100 shares in the last quarter. Salem Investment Counselors Inc. raised its stake 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 worth $73,000 after buying an additional 100 shares during the period. Blue Trust Inc. lifted its position in shares of J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after buying an additional 102 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in J. M. Smucker by 3.5% in the 3rd quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock worth $385,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Down 0.9 %

Shares of SJM opened at $103.10 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 stock 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’s 50-day simple moving average is $108.90 and its 200-day simple moving average is $114.55. The J. M. Smucker Company has a 1 year low of $99.81 and a 1 year high of $133.85.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share 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 company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the business earned $2.59 EPS. J. M. Smucker’s revenue was up 17.2% on a year-over-year basis. Analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date 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.