Mark Sheptoff Financial Planning LLC Decreases Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Mark Sheptoff Financial Planning LLC lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 20.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,635 shares of the company’s stock after selling 3,469 shares during the period. J. M. Smucker makes up approximately 0.9% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 25th biggest position. Mark Sheptoff Financial Planning LLC’s holdings in J. M. Smucker were worth $1,651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SJM. Raymond James Trust N.A. boosted its holdings in J. M. Smucker by 6.8% in the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after purchasing an additional 310 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of J. M. Smucker by 6,703.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after buying an additional 157,523 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after acquiring an additional 9,250 shares during the period. Swedbank AB increased its position in J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock valued at $13,915,000 after acquiring an additional 15,792 shares during the last quarter. Finally, M&G Plc bought a new position in J. M. Smucker in the second quarter valued at about $603,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.2 %

Shares of SJM opened at $117.79 on Friday. The J. M. Smucker Company has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a 50 day simple moving average of $116.34 and a two-hundred day simple moving average of $115.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.25. The firm has a market cap of $12.54 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 3.29 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.27. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm posted $2.59 EPS. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts expect that The J. M. Smucker Company will post 9.87 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s payout ratio is presently 87.45%.

Analysts Set New Price Targets

SJM has been the subject of several research reports. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Citigroup cut their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America decreased their target price on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $128.00.

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.