Anchor Investment Management LLC Has $1.81 Million Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Anchor Investment Management LLC decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 14.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,430 shares of the company’s stock after selling 2,758 shares during the quarter. Anchor Investment Management LLC’s holdings in J. M. Smucker were worth $1,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SJM. Capital Advisors Ltd. LLC increased its holdings in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of J. M. Smucker during the 4th quarter worth about $28,000. Kieckhefer Group LLC bought a new stake in shares of J. M. Smucker in the 4th quarter valued at about $33,000. Hantz Financial Services Inc. acquired a new stake in J. M. Smucker in the 4th quarter valued at about $39,000. Finally, Sandy Spring Bank grew its holdings in J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SJM shares. Morgan Stanley began coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective for the company. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson dropped their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $125.67.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

J. M. Smucker Trading Down 1.3 %

Shares of SJM opened at $116.33 on Wednesday. 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 J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 3.91 and a beta of 0.35. The business’s fifty day moving average is $111.24 and its 200-day moving average is $111.88.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.71%. J. M. Smucker’s payout ratio is presently -179.25%.

J. M. Smucker 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.