Champlain Investment Partners LLC Sells 104,240 Shares of The J. M. Smucker Company (NYSE:SJM)

Champlain Investment Partners LLC trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,312,375 shares of the company’s stock after selling 104,240 shares during the period. Champlain Investment Partners LLC owned approximately 1.23% of J. M. Smucker worth $144,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in J. M. Smucker in the 4th quarter worth about $306,000. CreativeOne Wealth LLC boosted its position in shares of J. M. Smucker by 3.1% during the 4th quarter. CreativeOne Wealth LLC now owns 7,344 shares of the company’s stock valued at $809,000 after acquiring an additional 224 shares during the last quarter. Mariner LLC increased its position in shares of J. M. Smucker by 6.3% in the fourth quarter. Mariner LLC now owns 28,260 shares of the company’s stock worth $3,112,000 after purchasing an additional 1,683 shares during the last quarter. SageView Advisory Group LLC lifted its position in J. M. Smucker by 244.3% during the fourth quarter. SageView Advisory Group LLC now owns 6,732 shares of the company’s stock valued at $741,000 after purchasing an additional 4,777 shares during the last quarter. Finally, Advisors Capital Management LLC grew its stake in J. M. Smucker by 2.7% in the 4th quarter. Advisors Capital Management LLC now owns 236,944 shares of the company’s stock worth $26,092,000 after buying an additional 6,309 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SJM shares. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Stifel Nicolaus cut their price target 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $125.67.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Price Performance

Shares of SJM stock opened at $114.85 on Thursday. The business’s fifty day moving average is $111.47 and its 200 day moving average is $111.90. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.76%. J. M. Smucker’s payout ratio is currently -179.25%.

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.