Manchester Capital Management LLC Acquires 294 Shares of The J. M. Smucker Company (NYSE:SJM)

Manchester Capital Management LLC raised its holdings in The J. M. Smucker Company (NYSE:SJM) by 31.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,227 shares of the company’s stock after buying an additional 294 shares during the period. Manchester Capital Management LLC’s holdings in J. M. Smucker were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its holdings in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the last quarter. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at about $28,000. Kieckhefer Group LLC purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at about $33,000. Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker in the third quarter valued at about $39,000. Finally, Eastern Bank purchased a new stake in shares of J. M. Smucker in the third quarter valued at about $40,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

SJM opened at $102.07 on Friday. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 3.15 and a beta of 0.27. 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 firm has a 50-day moving average price of $107.27 and a 200-day moving average price of $113.97. The J. M. Smucker Company has a twelve month low of $99.81 and a twelve month high of $127.59.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $2.59 earnings per share. Equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 dividend yield of 4.23%. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the firm’s 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 directly owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays lowered their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price objective 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. 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 company’s stock. According to data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $126.78.

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.