Manchester Capital Management LLC Has $135,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Manchester Capital Management LLC increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 31.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227 shares of the company’s stock after purchasing an additional 294 shares during the quarter. Manchester Capital Management LLC’s holdings in J. M. Smucker were worth $135,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kentucky Trust Co acquired a new position in J. M. Smucker during the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC increased its position in J. M. Smucker by 1,329.4% in 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 during the period. Kieckhefer Group LLC acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $33,000. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker in the 3rd quarter valued at approximately $39,000. Finally, Hantz Financial Services Inc. acquired a new position in J. M. Smucker in the 4th quarter valued at approximately $39,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SJM has been the subject of several recent research reports. Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company upped 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. Barclays decreased their price target 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. Finally, TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Stock Down 2.9 %

Shares of NYSE SJM opened at $102.07 on Friday. The firm has a market cap of $10.86 billion, a PE ratio of 20.66, a P/E/G ratio of 3.15 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 $127.59. The company’s fifty day simple moving average is $107.27 and its 200 day simple moving average is $113.97. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last issued its 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. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently 87.45%.

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.