Coho Partners Ltd. Decreases Position in The J. M. Smucker Company (NYSE:SJM)

Coho Partners Ltd. trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM – Get Rating) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,085,908 shares of the company’s stock after selling 4,371 shares during the period. J. M. Smucker comprises approximately 2.9% of Coho Partners Ltd.’s portfolio, making the stock its 21st largest position. Coho Partners Ltd.’s holdings in J. M. Smucker were worth $172,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Klaas Financial Asset Advisors LLC bought a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new position in J. M. Smucker in the 2nd quarter worth approximately $27,000. Center for Financial Planning Inc. boosted its stake in shares of J. M. Smucker by 20,000.0% during the third quarter. Center for Financial Planning Inc. now owns 201 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Guardian Wealth Advisors LLC bought a new position in shares of J. M. Smucker in the third quarter worth approximately $29,000. Finally, Cowa LLC purchased a new position in shares of J. M. Smucker in the third quarter worth $34,000. 79.21% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 1.3 %

Shares of NYSE SJM opened at $151.88 on Friday. The J. M. Smucker Company has a 1 year low of $119.82 and a 1 year high of $163.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 0.45. The firm has a 50-day moving average of $150.62 and a 200 day moving average of $148.44. The stock has a market cap of $16.20 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.21.

J. M. Smucker (NYSE:SJM – Get Rating) last announced its earnings results on Tuesday, February 28th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.08. J. M. Smucker had a net margin of 8.54% and a return on equity of 11.10%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that The J. M. Smucker Company will post 8.68 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were paid a $1.02 dividend. The ex-dividend date was Thursday, February 9th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.69%. J. M. Smucker’s dividend payout ratio is currently 61.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of J. M. Smucker from $148.00 to $155.00 in a report on Thursday, December 15th. StockNews.com initiated coverage on J. M. Smucker in a report on Thursday. They set a “hold” rating on the stock. JPMorgan Chase & Co. upped their price target on J. M. Smucker from $157.00 to $158.00 and gave the company a “neutral” rating in a research report on Thursday, March 2nd. Credit Suisse Group boosted their target price on J. M. Smucker from $145.00 to $165.00 in a research note on Thursday, December 15th. Finally, Morgan Stanley raised J. M. Smucker from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $135.00 to $158.00 in a research note on Tuesday, December 20th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $149.70.

Insider Activity

In related news, Director Richard K. Smucker sold 26,294 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $150.04, for a total value of $3,945,151.76. Following the transaction, the director now owns 629,282 shares in the company, valued at approximately $94,417,471.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Mark T. Smucker sold 30,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $153.41, for a total value of $4,602,300.00. Following the completion of the transaction, the chief executive officer now owns 110,260 shares in the company, valued at $16,914,986.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard K. Smucker sold 26,294 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $150.04, for a total value of $3,945,151.76. Following the transaction, the director now directly owns 629,282 shares in the company, valued at $94,417,471.28. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

J. M. Smucker Profile

(Get Rating)

The J. M. Smucker Co engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee.