Burns J W & Co. Inc. NY Sells 1,140 Shares of The J. M. Smucker Company (NYSE:SJM)

Burns J W & Co. Inc. NY lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,470 shares of the company’s stock after selling 1,140 shares during the period. Burns J W & Co. Inc. NY’s holdings in J. M. Smucker were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its position in shares of 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 in the last quarter. Kieckhefer Group LLC purchased a new position in J. M. Smucker during the fourth quarter valued at $33,000. Catalyst Capital Advisors LLC bought a new stake in shares of J. M. Smucker during the 3rd quarter valued at $39,000. Quarry LP grew its position in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the period. Finally, Eastern Bank bought a new position in shares of J. M. Smucker in the 3rd quarter worth about $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

SJM traded up $1.32 on Monday, hitting $102.22. 988,999 shares of the company’s stock traded hands, compared to its average volume of 1,091,081. The J. M. Smucker Company has a one year low of $100.77 and a one year high of $134.62. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 3.46 and a beta of 0.28. The company’s 50 day simple moving average is $112.64 and its 200-day simple moving average is $115.73.

J. M. Smucker (NYSE:SJM) last released its 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. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.59 earnings per share. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $1.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SJM shares. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company lifted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays cut their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $125.00 in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $127.33.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on 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 owns 18,734 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by company insiders.

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.