The J. M. Smucker Company (NYSE:SJM) Shares Acquired by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC boosted its holdings in The J. M. Smucker Company (NYSE:SJM) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,721 shares of the company’s stock after acquiring an additional 2,052 shares during the period. J. M. Smucker accounts for approximately 2.1% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 11th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in J. M. Smucker were worth $3,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Invesco Ltd. grew its position in shares of J. M. Smucker by 9.3% during the 3rd quarter. Invesco Ltd. now owns 1,777,750 shares of the company’s stock valued at $218,503,000 after buying an additional 151,389 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of J. M. Smucker by 13.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock worth $213,441,000 after purchasing an additional 202,092 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of J. M. Smucker by 487.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after purchasing an additional 1,210,837 shares during the last quarter. Northern Trust Corp boosted its position in J. M. Smucker by 2.1% during the 3rd quarter. Northern Trust Corp now owns 1,457,736 shares of the company’s stock valued at $179,170,000 after purchasing an additional 29,728 shares during the period. Finally, Nordea Investment Management AB grew its stake in J. M. Smucker by 363.8% during the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after buying an additional 999,315 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 29th. TD Cowen reduced their target price on shares of J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays raised their price target on shares of J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Citigroup reduced their price objective on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, February 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.47.

J. M. Smucker Price Performance

SJM stock traded down $1.39 during trading hours on Thursday, hitting $110.43. 579,929 shares of the stock traded hands, compared to its average volume of 1,242,983. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The stock has a 50-day simple moving average of $116.98 and a 200 day simple moving average of $120.73. The J. M. Smucker Company has a one year low of $107.33 and a one year high of $156.03. The company has a market cap of $11.73 billion, a P/E ratio of -127.07, a P/E/G ratio of 1.68 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $2.21 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $1.06 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.84%. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

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.