Mutual of America Capital Management LLC Has $1.40 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Mutual of America Capital Management LLC lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,754 shares of the company’s stock after selling 365 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J. M. Smucker were worth $1,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Salem Investment Counselors Inc. raised its stake in J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont raised its stake in J. M. Smucker by 4.1% during the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after acquiring an additional 108 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in J. M. Smucker by 6.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after acquiring an additional 115 shares in the last quarter. Code Waechter LLC raised its stake in J. M. Smucker by 2.5% during the fourth quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after acquiring an additional 124 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its stake in J. M. Smucker by 35.7% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock worth $52,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the subject of several research analyst reports. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Barclays reduced their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Finally, Stifel Nicolaus reduced their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.13.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $117.29 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The stock’s 50 day moving average price is $106.28 and its two-hundred day moving average price is $112.87. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. J. M. Smucker’s dividend payout ratio (DPR) is currently -179.25%.

Insider Transactions at J. M. Smucker

In related 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 transaction of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

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.