Hudson Valley Investment Advisors Inc. ADV Sells 625 Shares of The J. M. Smucker Company (NYSE:SJM)

Hudson Valley Investment Advisors Inc. ADV lessened its position in The J. M. Smucker Company (NYSE:SJM) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,940 shares of the company’s stock after selling 625 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in J. M. Smucker were worth $764,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Studio Investment Management LLC bought a new stake in J. M. Smucker in the second quarter worth about $26,000. Venturi Wealth Management LLC lifted its stake in shares of J. M. Smucker by 1,329.4% during the 3rd 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 last quarter. Quarry LP boosted its holdings in J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after acquiring an additional 219 shares during the period. Catalyst Capital Advisors LLC bought a new position in J. M. Smucker in the 3rd quarter valued at $39,000. Finally, Eastern Bank purchased a new stake in J. M. Smucker in the third quarter worth $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SJM. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $121.00 in a research note on Wednesday. Barclays reduced their target price on shares of 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. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $125.00 in a report on Friday, October 25th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $127.33.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

J. M. Smucker Stock Down 2.0 %

J. M. Smucker stock opened at $105.36 on Friday. The J. M. Smucker Company has a twelve month low of $104.27 and a twelve month high of $134.62. The business has a fifty day moving average of $112.88 and a two-hundred day moving average of $115.70. The firm has a market cap of $11.21 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.46 and a beta of 0.28. 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 posted its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating 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 company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

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.