Baker Ellis Asset Management LLC Sells 365 Shares of The J. M. Smucker Company (NYSE:SJM)

Baker Ellis Asset Management LLC decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 10.9% during the fourth quarter, HoldingsChannel reports. The firm owned 2,995 shares of the company’s stock after selling 365 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in J. M. Smucker were worth $330,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Probity Advisors Inc. boosted its stake in shares of J. M. Smucker by 1.1% during the 3rd quarter. Probity Advisors Inc. now owns 8,791 shares of the company’s stock valued at $1,065,000 after purchasing an additional 96 shares in the last quarter. Anchor Investment Management LLC boosted its stake in shares of J. M. Smucker by 0.5% during the 2nd quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock valued at $2,158,000 after purchasing an additional 99 shares in the last quarter. Romano Brothers AND Company boosted its stake in shares of J. M. Smucker by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 2,987 shares of the company’s stock valued at $362,000 after purchasing an additional 100 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of J. M. Smucker by 17.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker 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 completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of recent research reports. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, Barclays lowered their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. One investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $127.33.

J. M. Smucker Stock Up 0.4 %

Shares of J. M. Smucker stock opened at $102.58 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 $10.92 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 3.16 and a beta of 0.28. 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 50-day simple moving average of $110.57 and a two-hundred day simple moving average of $115.19.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company earned $2.59 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current fiscal year.

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.