Everence Capital Management Inc. Has $373,000 Holdings in The J. M. Smucker Company (NYSE:SJM)

Everence Capital Management Inc. decreased its position in The J. M. Smucker Company (NYSE:SJM) by 39.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,390 shares of the company’s stock after selling 2,240 shares during the quarter. Everence Capital Management Inc.’s holdings in J. M. Smucker were worth $373,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SJM. Studio Investment Management LLC bought a new stake in J. M. Smucker in the 2nd quarter valued at approximately $26,000. Venturi Wealth Management LLC grew its stake in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker in the third quarter valued at approximately $39,000. Quarry LP lifted its position in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares in the last quarter. Finally, Eastern Bank acquired a new position in J. M. Smucker during the third quarter worth $40,000. 81.66% of the stock is currently owned by institutional investors.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Trading Down 2.2 %

Shares of J. M. Smucker stock opened at $109.11 on Tuesday. 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 business has a fifty day simple moving average of $113.34 and a two-hundred day simple moving average of $115.85. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 EPS. Research analysts forecast 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. Investors of record on Friday, November 15th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 3.96%. J. M. Smucker’s payout ratio is currently 87.45%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SJM. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, Barclays cut their price objective on 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.