Mark Sheptoff Financial Planning LLC Sells 1,213 Shares of The J. M. Smucker Company (NYSE:SJM)

Mark Sheptoff Financial Planning LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,422 shares of the company’s stock after selling 1,213 shares during the quarter. J. M. Smucker comprises 0.7% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 29th biggest position. Mark Sheptoff Financial Planning LLC’s holdings in J. M. Smucker were worth $1,368,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SJM. Capital Advisors Ltd. LLC grew its position in shares of J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Kentucky Trust Co bought a new position in J. M. Smucker in the 4th quarter worth about $28,000. Kieckhefer Group LLC purchased a new position in J. M. Smucker during the 4th quarter valued at about $33,000. Hantz Financial Services Inc. purchased a new stake in shares of J. M. Smucker in the fourth quarter worth about $39,000. Finally, Sandy Spring Bank boosted its position in shares of J. M. Smucker by 1,365.5% in the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock valued at $47,000 after acquiring an additional 396 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on SJM. Barclays lowered their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday. They set an “overweight” rating and a $123.00 price objective for the company. Stifel Nicolaus decreased their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. DA Davidson dropped their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average price target of $125.67.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $111.31 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.85 billion, a PE ratio of 22.53, a PEG ratio of 3.91 and a beta of 0.28. The company’s fifty day moving average is $107.37 and its 200 day moving average is $112.23. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $127.15.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. Research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

J. M. Smucker Company 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.