IFP Advisors Inc Trims Stock Position in The J. M. Smucker Company (NYSE:SJM)

IFP Advisors Inc reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 86.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 527 shares of the company’s stock after selling 3,273 shares during the quarter. IFP Advisors Inc’s holdings in J. M. Smucker were worth $64,000 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. Salem Investment Counselors Inc. grew its position in shares of J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after buying an additional 100 shares during the period. Trust Co. of Vermont grew its position in shares of J. M. Smucker by 4.1% in the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after buying an additional 108 shares during the period. Conestoga Capital Advisors LLC grew its position in shares of J. M. Smucker by 6.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock worth $203,000 after buying an additional 115 shares during the period. Code Waechter LLC grew its position in shares of J. M. Smucker by 2.5% in the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after buying an additional 124 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its position in shares of J. M. Smucker by 35.7% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock worth $52,000 after buying an additional 125 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Price Performance

SJM opened at $109.32 on Thursday. 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 stock has a market capitalization of $11.63 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.91 and a beta of 0.28. The company’s 50-day simple moving average is $106.17 and its two-hundred day simple moving average is $112.99. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59.

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

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SJM. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Barclays dropped their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $126.13.

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.