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

Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SJM. Douglas Lane & Associates LLC grew its position in J. M. Smucker by 6.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock valued at $29,875,000 after buying an additional 16,963 shares during the period. CWA Asset Management Group LLC grew its position in shares of J. M. Smucker by 11.6% during the 4th quarter. CWA Asset Management Group LLC now owns 2,479 shares of the company’s stock valued at $273,000 after acquiring an additional 258 shares during the period. Pensionfund Sabic grew its position in shares of J. M. Smucker by 39.8% during the 4th quarter. Pensionfund Sabic now owns 12,300 shares of the company’s stock valued at $1,354,000 after acquiring an additional 3,500 shares during the period. Nordea Investment Management AB increased its stake in shares of J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after purchasing an additional 192,748 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in J. M. Smucker by 106.3% in the 4th quarter. Versant Capital Management Inc now owns 526 shares of the company’s stock worth $58,000 after purchasing an additional 271 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SJM shares. Wells Fargo & Company boosted 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. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $121.00 in a report on Wednesday. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, Barclays decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus price target of $127.33.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was 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. This trade represents 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 hyperlink. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Performance

SJM opened at $105.36 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 3.46 and a beta of 0.28. The company has a fifty day moving average of $112.88 and a 200 day moving average of $115.70. The J. M. Smucker Company has a fifty-two week low of $104.27 and a fifty-two week high of $134.62.

J. M. Smucker (NYSE:SJM) last released 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. The business 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 business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.59 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 4.10%. J. M. Smucker’s dividend payout ratio (DPR) is 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.