Peddock Capital Advisors LLC Sells 343 Shares of The J. M. Smucker Company (NYSE:SJM)

Peddock Capital Advisors LLC trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 8.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,871 shares of the company’s stock after selling 343 shares during the quarter. Peddock Capital Advisors LLC’s holdings in J. M. Smucker were worth $426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SJM. Probity Advisors Inc. raised its position in shares of J. M. Smucker by 1.1% in the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after buying an additional 96 shares in the last quarter. Anchor Investment Management LLC raised its position in J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock valued at $2,158,000 after purchasing an additional 99 shares in the last quarter. Romano Brothers AND Company lifted its stake in J. M. Smucker by 3.5% during the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock worth $362,000 after purchasing an additional 100 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of J. M. Smucker by 17.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 102 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their position. 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 company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Barclays decreased their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.33.

J. M. Smucker Trading Up 1.3 %

Shares of SJM stock traded up $1.32 on Monday, hitting $102.22. The company had a trading volume of 989,604 shares, compared to its average volume of 1,091,157. The J. M. Smucker Company has a twelve month low of $100.77 and a twelve month high of $134.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market cap of $10.88 billion, a P/E ratio of 20.69, a P/E/G ratio of 3.46 and a beta of 0.28. The stock’s 50-day moving average is $112.64 and its two-hundred day moving average is $115.73.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business earned $2.59 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. 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.