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

Schechter Investment Advisors LLC cut its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 58.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,078 shares of the company's stock after selling 2,884 shares during the quarter. Schechter Investment Advisors LLC's holdings in J. M. Smucker were worth $229,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after acquiring an additional 762,746 shares during the period. FMR LLC lifted its holdings in J. M. Smucker by 40.0% in the third quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after acquiring an additional 958,142 shares during the period. Nordea Investment Management AB lifted its holdings in 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 valued at $150,082,000 after acquiring an additional 192,748 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in J. M. Smucker by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company's stock valued at $119,966,000 after acquiring an additional 13,276 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in J. M. Smucker by 13.8% in the fourth quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company's stock valued at $107,677,000 after acquiring an additional 118,240 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

SJM has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Barclays dropped their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, StockNews.com cut J. M. Smucker from a "hold" rating to a "sell" rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $126.13.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Price Performance

J. M. Smucker stock traded up $5.80 during midday trading on Friday, reaching $117.29. 2,432,079 shares of the company were exchanged, compared to its average volume of 1,245,593. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 3.91 and a beta of 0.28. The firm's 50-day simple moving average is $106.28 and its 200-day simple moving average is $112.82. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year 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.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. On average, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared 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 3.68%. The ex-dividend date was Friday, February 14th. J. M. Smucker's payout ratio is -179.25%.

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.