Tandem Investment Advisors Inc. Grows Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Tandem Investment Advisors Inc. increased its position in The J. M. Smucker Company (NYSE:SJM) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 668,802 shares of the company’s stock after buying an additional 1,071 shares during the period. J. M. Smucker comprises approximately 2.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 19th largest position. Tandem Investment Advisors Inc. owned 0.63% of J. M. Smucker worth $73,648,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SJM. Private Advisor Group LLC boosted its stake in shares of J. M. Smucker by 39.6% in the fourth quarter. Private Advisor Group LLC now owns 17,471 shares of the company’s stock worth $1,924,000 after acquiring an additional 4,960 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in J. M. Smucker by 18.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,723 shares of the company’s stock worth $386,000 after purchasing an additional 572 shares during the period. Atria Wealth Solutions Inc. boosted its stake in J. M. Smucker by 4.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,494 shares of the company’s stock worth $495,000 after purchasing an additional 173 shares during the period. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 95.1% during the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company’s stock valued at $52,000 after buying an additional 231 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of J. M. Smucker by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 18,600 shares of the company’s stock valued at $2,048,000 after buying an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SJM shares. Wells Fargo & Company upped their target price 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. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Barclays decreased their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $126.78.

J. M. Smucker Trading Up 4.2 %

SJM opened at $107.37 on Friday. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.59. 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 stock has a 50-day moving average of $106.33 and a 200 day moving average of $113.54. The firm has a market cap of $11.43 billion, a P/E ratio of 21.74, a P/E/G ratio of 3.75 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 EPS. As a group, research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced 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 4.02%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

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.