Mcdonald Partners LLC Trims Position in The J. M. Smucker Company (NYSE:SJM)

Mcdonald Partners LLC cut its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,622 shares of the company's stock after selling 3,102 shares during the quarter. J. M. Smucker accounts for about 1.0% of Mcdonald Partners LLC's investment portfolio, making the stock its 23rd largest holding. Mcdonald Partners LLC's holdings in J. M. Smucker were worth $4,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. grew its position in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company's stock valued at $35,721,000 after buying an additional 11,339 shares during the period. Raymond James Trust N.A. boosted its position in shares of J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company's stock worth $587,000 after purchasing an additional 310 shares during the period. Nordea Investment Management AB boosted its position in shares of J. M. Smucker by 16.5% in the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company's stock worth $150,082,000 after purchasing an additional 192,748 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of J. M. Smucker in the fourth quarter worth approximately $1,273,000. Finally, Signal Advisors Wealth LLC boosted its position in shares of J. M. Smucker by 336.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company's stock worth $1,426,000 after purchasing an additional 9,982 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 2.5 %

Shares of SJM traded up $2.72 during midday trading on Friday, hitting $110.02. The stock had a trading volume of 1,759,637 shares, compared to its average volume of 1,115,269. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. The firm has a market cap of $11.71 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.75 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 stock's 50 day moving average is $106.26 and its 200 day moving average is $113.47.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 earnings per share. As a group, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's payout ratio is presently 87.45%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SJM shares. Barclays lowered their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 4th. Stifel Nicolaus lowered 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 report on Friday, January 24th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $126.78.

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.