Anchor Investment Management LLC Lowers Position in The J. M. Smucker Company (NYSE:SJM)

Anchor Investment Management LLC decreased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,430 shares of the company's stock after selling 2,758 shares during the period. Anchor Investment Management LLC's holdings in J. M. Smucker were worth $1,809,000 as of its most recent SEC filing.

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

J. M. Smucker Stock Down 0.3 %

Shares of SJM stock traded down $0.30 on Monday, reaching $116.14. 114,957 shares of the stock were exchanged, compared to its average volume of 1,177,780. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $125.42. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The business's 50 day moving average price is $111.98 and its 200 day moving average price is $111.74.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a $1.08 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.72%. J. M. Smucker's dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts recently issued reports on SJM shares. Barclays decreased their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus lowered 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 research note on Friday, January 24th. TD Cowen downgraded shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Morgan Stanley initiated coverage on J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.67.

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.