Mark Sheptoff Financial Planning LLC Has $1.87 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Mark Sheptoff Financial Planning LLC decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 37.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,104 shares of the company’s stock after selling 10,344 shares during the period. J. M. Smucker accounts for approximately 1.0% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 21st biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in J. M. Smucker were worth $1,865,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $43,000. Principal Financial Group Inc. boosted its position in J. M. Smucker by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 140,347 shares of the company’s stock valued at $17,737,000 after buying an additional 4,172 shares during the last quarter. ING Groep NV acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $1,836,000. Norges Bank bought a new stake in shares of J. M. Smucker during the fourth quarter worth $157,077,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of J. M. Smucker by 1.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,702 shares of the company’s stock valued at $1,100,000 after acquiring an additional 104 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup lowered their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. Wells Fargo & Company dropped their price target on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Finally, BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $127.25.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $120.48 on Thursday. The stock’s fifty day simple moving average is $118.40 and its 200 day simple moving average is $116.16. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12.79 billion, a PE ratio of 16.92, a PEG ratio of 3.20 and a beta of 0.24. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $2.21 earnings per share. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts predict that The J. M. Smucker Company will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a $1.08 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Friday, August 16th. J. M. Smucker’s payout ratio is currently 60.67%.

Insider Buying and Selling

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% 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.