Sigma Planning Corp Sells 1,282 Shares of The J. M. Smucker Company (NYSE:SJM)

Sigma Planning Corp lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 31.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,833 shares of the company’s stock after selling 1,282 shares during the period. Sigma Planning Corp’s holdings in J. M. Smucker were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SJM. Venturi Wealth Management LLC lifted its position in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $28,000. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $33,000. Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker during the 3rd quarter valued at approximately $39,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 1.4 %

Shares of NYSE SJM opened at $110.69 on Friday. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. 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 company has a market cap of $11.78 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.91 and a beta of 0.27. The business’s 50 day moving average price is $106.19 and its 200-day moving average price is $113.19.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.90%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SJM shares. Barclays lowered their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus decreased their price objective on 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. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.63.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.