Mather Group LLC. Cuts Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Mather Group LLC. reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 9.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,610 shares of the company’s stock after selling 172 shares during the period. Mather Group LLC.’s holdings in J. M. Smucker were worth $177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the 4th quarter worth approximately $33,000. Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker during the third quarter valued at $39,000. Hantz Financial Services Inc. acquired a new position in shares of J. M. Smucker in the fourth quarter valued at about $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker in the third quarter worth $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

J. M. Smucker Price Performance

NYSE:SJM opened at $103.10 on Friday. The company’s 50-day moving average is $108.90 and its two-hundred day moving average is $114.55. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 3.26 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $133.85.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion during 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 quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.59 EPS. Research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted 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 report on Wednesday, November 27th. Stifel Nicolaus cut 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. Finally, Barclays lowered 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 research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.