Baker Ellis Asset Management LLC Decreases Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Baker Ellis Asset Management LLC trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJMFree Report) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,500 shares of the company’s stock after selling 2,625 shares during the period. Baker Ellis Asset Management LLC’s holdings in J. M. Smucker were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Intrepid Capital Management Inc. purchased a new stake in J. M. Smucker during the second quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in J. M. Smucker during the second quarter valued at approximately $27,000. Clear Street Markets LLC increased its holdings in J. M. Smucker by 97.2% during the first quarter. Clear Street Markets LLC now owns 211 shares of the company’s stock valued at $33,000 after buying an additional 104 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in J. M. Smucker during the first quarter valued at approximately $33,000. Finally, West Tower Group LLC purchased a new stake in J. M. Smucker during the second quarter valued at approximately $35,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

SJM has been the subject of a number of research reports. TD Cowen upped their target price on shares of J. M. Smucker from $133.00 to $136.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft upped their price target on shares of J. M. Smucker from $125.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Wells Fargo & Company assumed coverage on shares of J. M. Smucker in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $122.00 price target on shares of J. M. Smucker in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $137.20.

Check Out Our Latest Stock Report on J. M. Smucker

J. M. Smucker Stock Performance

SJM stock opened at $123.06 on Wednesday. The J. M. Smucker Company has a 52 week low of $107.33 and a 52 week high of $159.92. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $125.63 and a two-hundred day simple moving average of $121.69.

J. M. Smucker (NYSE:SJMGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business earned $2.21 earnings per share. J. M. Smucker’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts predict that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $1.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.45%. J. M. Smucker’s dividend payout ratio (DPR) is currently -481.81%.

About J. M. Smucker

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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