Toth Financial Advisory Corp lowered its position in J M Smucker Co (NYSE:SJM) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,547 shares of the company’s stock after selling 1,468 shares during the quarter. Toth Financial Advisory Corp’s holdings in J M Smucker were worth $1,173,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of J M Smucker in the fourth quarter worth $44,000. Legacy Financial Advisors Inc. increased its stake in J M Smucker by 21.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 905 shares of the company’s stock valued at $85,000 after acquiring an additional 162 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new position in J M Smucker in the third quarter valued at $103,000. Truvestments Capital LLC bought a new position in J M Smucker in the third quarter valued at $154,000. Finally, CWM LLC increased its stake in J M Smucker by 347.5% in the third quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after acquiring an additional 1,369 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.
J M Smucker stock opened at $103.73 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a market cap of $11.87 billion, a PE ratio of 13.03, a PEG ratio of 2.17 and a beta of 0.56. J M Smucker Co has a 1-year low of $91.32 and a 1-year high of $133.38.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, February 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.28%. J M Smucker’s dividend payout ratio is currently 42.71%.
In other J M Smucker news, insider David J. Lemmon sold 1,017 shares of the firm’s stock in a transaction dated Monday, December 31st. The shares were sold at an average price of $92.99, for a total value of $94,570.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Smucker acquired 20,000 shares of the stock in a transaction on Friday, November 30th. The stock was bought at an average price of $103.09 per share, with a total value of $2,061,800.00. Following the completion of the acquisition, the chairman now directly owns 681,387 shares of the company’s stock, valued at $70,244,185.83. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 32,000 shares of company stock valued at $3,234,860. 3.92% of the stock is currently owned by company insiders.
A number of research analysts recently commented on SJM shares. Barclays reissued a “hold” rating and issued a $103.00 target price on shares of J M Smucker in a research note on Sunday, December 2nd. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a research note on Monday, December 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of J M Smucker in a research note on Friday, January 11th. ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Credit Suisse Group raised J M Smucker to a “hold” rating and set a $94.00 price objective on the stock in a research note on Thursday, November 29th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. J M Smucker currently has a consensus rating of “Hold” and an average price target of $116.85.
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J M Smucker Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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