Trust Co. of Vermont Has $301,000 Stock Holdings in The J. M. Smucker Company (NYSE:SJM)

Trust Co. of Vermont raised its position in The J. M. Smucker Company (NYSE:SJM) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,731 shares of the company’s stock after buying an additional 108 shares during the quarter. Trust Co. of Vermont’s holdings in J. M. Smucker were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SJM. Venturi Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at approximately $33,000. Catalyst Capital Advisors LLC bought a new stake in J. M. Smucker in the third quarter worth approximately $39,000. Quarry LP increased its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on SJM. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Barclays reduced their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $127.33.

J. M. Smucker Stock Down 0.4 %

Shares of SJM opened at $102.16 on Monday. 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 company has a 50-day simple moving average of $111.31 and a 200-day simple moving average of $115.46. The J. M. Smucker Company has a 52 week low of $99.81 and a 52 week high of $134.62. The firm has a market capitalization of $10.87 billion, a P/E ratio of 20.68, a P/E/G ratio of 3.08 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $2.59 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio 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.