The J. M. Smucker Company (NYSE:SJM) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lowered its position in The J. M. Smucker Company (NYSE:SJM) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,940 shares of the company’s stock after selling 1,060 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in J. M. Smucker were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC lifted its stake in J. M. Smucker by 1,329.4% during 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 last quarter. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at $33,000. Quarry LP boosted its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker during the third quarter worth $39,000. Finally, Eastern Bank purchased a new stake in shares of J. M. Smucker during the third quarter valued at $40,000. Institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on SJM. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus decreased 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. Barclays cut their target price 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. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. One equities 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 data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average price target of $126.78.

J. M. Smucker Trading Up 3.5 %

Shares of NYSE:SJM opened at $107.33 on Tuesday. The J. M. Smucker Company has a 52-week low of $99.81 and a 52-week high of $134.62. 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 company has a market cap of $11.42 billion, a P/E ratio of 21.73, a P/E/G ratio of 3.12 and a beta of 0.28. The stock’s 50-day moving average is $110.44 and its 200-day moving average is $115.20.

J. M. Smucker (NYSE:SJM) last issued its quarterly 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. 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 period in the previous year, the business posted $2.59 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

J. M. Smucker 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.