GHP Investment Advisors Inc. Sells 2,982 Shares of The J. M. Smucker Company (NYSE:SJM)

GHP Investment Advisors Inc. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,537 shares of the company's stock after selling 2,982 shares during the period. GHP Investment Advisors Inc.'s holdings in J. M. Smucker were worth $4,244,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SJM. Cetera Investment Advisers boosted its stake in J. M. Smucker by 2.9% during the second quarter. Cetera Investment Advisers now owns 24,886 shares of the company's stock valued at $2,714,000 after buying an additional 712 shares during the period. Sanctuary Advisors LLC bought a new stake in J. M. Smucker during the second quarter valued at $1,002,000. Czech National Bank lifted its stake in J. M. Smucker by 7.2% during the third quarter. Czech National Bank now owns 21,681 shares of the company's stock worth $2,626,000 after purchasing an additional 1,449 shares during the last quarter. GAMMA Investing LLC lifted its stake in J. M. Smucker by 49.9% during the third quarter. GAMMA Investing LLC now owns 3,849 shares of the company's stock worth $466,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in J. M. Smucker by 3.5% during the third quarter. Fulton Bank N.A. now owns 3,178 shares of the company's stock worth $385,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Trading Down 0.2 %

NYSE:SJM traded down $0.17 during mid-day trading on Monday, reaching $103.12. 608,927 shares of the company's stock traded hands, compared to its average volume of 967,784. The J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $130.79. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 3.15 and a beta of 0.27. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a 50 day moving average price of $108.61 and a 200-day moving average price of $114.44.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (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 company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $2.59 EPS. J. M. Smucker's revenue was up 17.2% compared to the same quarter last year. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.19%. J. M. Smucker's dividend payout ratio (DPR) is 87.45%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company's 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 in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SJM. Stifel Nicolaus dropped their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company boosted 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. Barclays lowered their target price on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Finally, TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $126.78.

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.