The J. M. Smucker Company (NYSE:SJM) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in The J. M. Smucker Company (NYSE:SJM) by 33.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,369 shares of the company’s stock after selling 677 shares during the period. Farther Finance Advisors LLC’s holdings in J. M. Smucker were worth $151,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its position in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Kentucky Trust Co acquired a new stake in J. M. Smucker in the fourth quarter valued at approximately $28,000. Kieckhefer Group LLC purchased a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $33,000. Hantz Financial Services Inc. purchased a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of J. M. Smucker by 95.1% during the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company’s stock valued at $52,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SJM shares. Barclays reduced their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. DA Davidson reduced their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective 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 given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.00.

J. M. Smucker Stock Performance

SJM stock opened at $109.27 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 stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.15. The stock’s fifty day moving average is $106.82 and its two-hundred day moving average is $112.50.

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 analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

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 $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is currently owned by company insiders.

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.