Goelzer Investment Management Inc. Cuts Holdings in The J. M. Smucker Company (NYSE:SJM)

Goelzer Investment Management Inc. decreased its position in The J. M. Smucker Company (NYSE:SJM) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,581 shares of the company’s stock after selling 2,304 shares during the period. Goelzer Investment Management Inc. owned 0.05% of J. M. Smucker worth $5,900,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Silver Lake Advisory LLC lifted its holdings in J. M. Smucker by 3.0% during the fourth quarter. Silver Lake Advisory LLC now owns 30,500 shares of the company’s stock worth $3,359,000 after acquiring an additional 879 shares during the period. D.B. Root & Company LLC increased its position in shares of J. M. Smucker by 3.1% during the 4th quarter. D.B. Root & Company LLC now owns 9,596 shares of the company’s stock valued at $1,057,000 after purchasing an additional 289 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of J. M. Smucker by 1,074.2% during the 4th quarter. Mutual Advisors LLC now owns 23,355 shares of the company’s stock worth $2,395,000 after purchasing an additional 21,366 shares during the period. SG Americas Securities LLC boosted its holdings in shares of J. M. Smucker by 285.4% in the 4th quarter. SG Americas Securities LLC now owns 25,304 shares of the company’s stock worth $2,786,000 after buying an additional 18,739 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in J. M. Smucker by 9.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 64,308 shares of the company’s stock valued at $7,082,000 after buying an additional 5,641 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research analyst reports. 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. Barclays dropped their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Stifel Nicolaus lowered 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. Finally, TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $126.78.

Insider Activity at J. M. Smucker

In related 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 sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

J. M. Smucker Stock Up 1.1 %

Shares of NYSE SJM opened at $103.65 on Friday. The business has a 50-day simple moving average of $110.50 and a two-hundred day simple moving average of $115.14. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The company has a market cap of $11.03 billion, a P/E ratio of 20.98, a P/E/G ratio of 3.12 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 issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate 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 previous year, the company earned $2.59 earnings per share. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.17%. 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.