GAMMA Investing LLC Has $409,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

GAMMA Investing LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,712 shares of the company’s stock after selling 137 shares during the quarter. GAMMA Investing LLC’s holdings in J. M. Smucker were worth $409,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Studio Investment Management LLC bought a new stake in shares of J. M. Smucker during the 2nd quarter worth about $26,000. Venturi Wealth Management LLC boosted its position 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 worth $29,000 after purchasing an additional 226 shares during the period. Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker during the third quarter worth approximately $39,000. Quarry LP raised its position in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the period. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker in the third quarter worth $40,000. 81.66% of the stock is currently owned by institutional investors.

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 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by insiders.

J. M. Smucker Stock Performance

SJM opened at $111.53 on Monday. The stock has a market cap of $11.87 billion, a PE ratio of 22.58, a P/E/G ratio of 3.46 and a beta of 0.28. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The stock’s 50 day simple moving average is $113.47 and its 200-day simple moving average is $115.86. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company posted $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts forecast that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Analyst Upgrades and Downgrades

SJM has been the topic of several recent analyst reports. 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. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, Barclays cut their price target 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $128.56.

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.