Tobam Has $4.87 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Tobam lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 46.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,181 shares of the company's stock after selling 38,686 shares during the quarter. J. M. Smucker accounts for about 1.5% of Tobam's investment portfolio, making the stock its 18th largest holding. Tobam's holdings in J. M. Smucker were worth $4,865,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Probity Advisors Inc. grew its position in J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company's stock valued at $1,065,000 after acquiring an additional 96 shares in the last quarter. Romano Brothers AND Company increased its stake in J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company's stock worth $362,000 after buying an additional 100 shares during the period. Salem Investment Counselors Inc. lifted its holdings in J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company's stock worth $73,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. boosted its position in J. M. Smucker by 11.0% in the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock valued at $125,000 after buying an additional 102 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in shares of 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 acquiring an additional 108 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company's 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on SJM shares. 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 research note on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their target price 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, Barclays decreased 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 report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $126.78.

J. M. Smucker Stock Performance

Shares of SJM stock traded up $1.16 during trading hours on Tuesday, reaching $104.16. The stock had a trading volume of 416,113 shares, compared to its average volume of 971,167. 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 firm has a 50-day simple moving average of $108.27 and a 200-day simple moving average of $114.35. The firm has a market capitalization of $11.08 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a twelve month low of $99.81 and a twelve month high of $130.79.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its 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 net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm posted $2.59 EPS. J. M. Smucker's revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is presently 87.45%.

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.