Physicians Financial Services Inc. Sells 125 Shares of The J. M. Smucker Company (NYSE:SJM)

Physicians Financial Services Inc. trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,060 shares of the company’s stock after selling 125 shares during the period. Physicians Financial Services Inc.’s holdings in J. M. Smucker were worth $337,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Kentucky Trust Co purchased a new stake in J. M. Smucker in the fourth quarter worth $28,000. Venturi Wealth Management LLC lifted its stake in J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares during the period. Kieckhefer Group LLC purchased a new stake in J. M. Smucker in the fourth quarter worth $33,000. Catalyst Capital Advisors LLC purchased a new stake in J. M. Smucker in the third quarter worth $39,000. Finally, Hantz Financial Services Inc. purchased a new stake in J. M. Smucker in the fourth quarter worth $39,000. 81.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $107.37 on Friday. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $127.59. The company 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. The firm’s fifty day moving average is $106.33 and its two-hundred day moving average is $113.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. As a group, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 4.02%. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Analysts Set New Price Targets

SJM has been the subject of several recent research reports. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus dropped their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Barclays dropped 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $126.78.

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.