Savant Capital LLC Reduces Stock Holdings in The J. M. Smucker Company $SJM

Savant Capital LLC trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 71.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,082 shares of the company’s stock after selling 7,581 shares during the quarter. Savant Capital LLC’s holdings in J. M. Smucker were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. ProShare Advisors LLC lifted its position in J. M. Smucker by 13.8% during the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock worth $169,661,000 after acquiring an additional 188,868 shares during the period. Aquatic Capital Management LLC acquired a new stake in J. M. Smucker during the 3rd quarter worth about $9,444,000. Neo Ivy Capital Management acquired a new stake in J. M. Smucker during the 3rd quarter worth about $997,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in J. M. Smucker during the 4th quarter worth about $1,406,000. Finally, Dorato Capital Management acquired a new stake in J. M. Smucker during the 4th quarter worth about $1,682,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SJM. Wells Fargo & Company lowered their price target on J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Monday, April 20th. Sanford C. Bernstein lowered their price target on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a research report on Thursday, April 9th. Finally, Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Eleven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.71.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $103.62 on Friday. The stock has a market cap of $11.05 billion, a PE ratio of -8.79, a price-to-earnings-growth ratio of 6.99 and a beta of 0.27. The business has a 50-day simple moving average of $97.90 and a 200-day simple moving average of $101.75. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s payout ratio is -37.32%.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.