Ingalls & Snyder LLC Has $371,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Ingalls & Snyder LLC cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,368 shares of the company’s stock after selling 490 shares during the quarter. Ingalls & Snyder LLC’s holdings in J. M. Smucker were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SJM. Kentucky Trust Co bought a new position in J. M. Smucker in the fourth quarter valued at about $28,000. Venturi Wealth Management LLC raised its position in shares of 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 acquiring an additional 226 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of J. M. Smucker during the fourth quarter worth about $33,000. Catalyst Capital Advisors LLC bought a new position in shares of J. M. Smucker during the third quarter worth about $39,000. Finally, Hantz Financial Services Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth about $39,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays lowered their price objective on 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 raised their price objective 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. Finally, 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 report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Trading Down 2.9 %

Shares of SJM stock opened at $102.07 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 fifty-two week low of $99.81 and a fifty-two week high of $127.59. The stock has a 50 day simple moving average of $107.27 and a two-hundred day simple moving average of $114.00. The company has a market cap of $10.86 billion, a P/E ratio of 20.66, a PEG ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the firm posted $2.59 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 4.23%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred 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 transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.40% of the company’s stock.

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.