Mcdonald Partners LLC Decreases Stock Position in The J. M. Smucker Company (NYSE:SJM)

Mcdonald Partners LLC lowered its position in The J. M. Smucker Company (NYSE:SJM) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,622 shares of the company’s stock after selling 3,102 shares during the quarter. J. M. Smucker accounts for approximately 1.0% of Mcdonald Partners LLC’s holdings, making the stock its 23rd biggest holding. Mcdonald Partners LLC’s holdings in J. M. Smucker were worth $4,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of J. M. Smucker by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after acquiring an additional 11,339 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of J. M. Smucker by 6.8% in the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after purchasing an additional 310 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after buying an additional 192,748 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth approximately $1,273,000. Finally, Signal Advisors Wealth LLC increased its stake in shares of J. M. Smucker by 336.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after buying an additional 9,982 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $102.07 on Tuesday. 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 firm has a market capitalization of $10.86 billion, a PE ratio of 20.66, a P/E/G ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 1-year low of $99.81 and a 1-year high of $127.59. The business’s fifty day moving average price is $106.95 and its two-hundred day moving average price is $113.82.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data 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. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm posted $2.59 EPS. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced 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 4.23%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of research analyst reports. Barclays reduced their price objective 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. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.78.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by insiders.

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.