GAMMA Investing LLC Sells 137 Shares of The J. M. Smucker Company (NYSE:SJM)

GAMMA Investing LLC decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,712 shares of the company’s stock after selling 137 shares during the period. GAMMA Investing LLC’s holdings in J. M. Smucker were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Probity Advisors Inc. increased its holdings in J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after purchasing an additional 96 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after purchasing an additional 99 shares during the last quarter. Romano Brothers AND Company increased its stake in shares of J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of J. M. Smucker by 11.0% in the third 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. lifted its position in J. M. Smucker by 3.5% during the 3rd quarter. Fulton Bank N.A. now owns 3,178 shares of the company’s stock worth $385,000 after buying an additional 108 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. The trade was 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 accessible through the SEC website. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Up 0.1 %

Shares of J. M. Smucker stock opened at $111.53 on Monday. The business has a fifty day simple moving average of $113.47 and a 200 day simple moving average of $115.86. The stock has a market cap of $11.87 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 3.46 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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 company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the business posted $2.59 EPS. J. M. Smucker’s revenue was up 17.2% on a year-over-year basis. Research analysts predict that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Wells Fargo & Company increased their price objective 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. Finally, Barclays dropped 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 report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $128.56.

J. M. Smucker 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.