Reik & CO. LLC Has $5.95 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Reik & CO. LLC reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 54,015 shares of the company’s stock after selling 1,447 shares during the quarter. J. M. Smucker comprises about 1.4% of Reik & CO. LLC’s investment portfolio, making the stock its 11th biggest position. Reik & CO. LLC’s holdings in J. M. Smucker were worth $5,948,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Probity Advisors Inc. boosted its stake in J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after purchasing an additional 96 shares during the period. Romano Brothers AND Company boosted its position in shares of J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after acquiring an additional 100 shares during the period. Salem Investment Counselors Inc. grew its stake in shares of J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock worth $73,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. grew its stake in shares of J. M. Smucker by 11.0% in the third quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock worth $125,000 after acquiring an additional 102 shares during the last quarter. Finally, Trust Co. of Vermont increased its position in J. M. Smucker by 4.1% during the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock worth $301,000 after acquiring an additional 108 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on SJM shares. Stifel Nicolaus reduced 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 report on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays decreased their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $126.78.

J. M. Smucker Trading Down 0.4 %

SJM stock opened at $102.90 on Tuesday. 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 firm has a market cap of $10.95 billion, a P/E ratio of 20.83, a P/E/G ratio of 3.15 and a beta of 0.27. The J. M. Smucker Company has a 1-year low of $99.81 and a 1-year high of $130.79. The business’s 50 day moving average is $108.27 and its 200-day moving average is $114.35.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $2.59 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts anticipate that The J. M. Smucker Company will post 9.88 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, March 3rd. Shareholders of record on Friday, February 14th will be given a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 4.20%. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.