Cullen Investment Group LTD. Has $851,000 Position in The J. M. Smucker Company (NYSE:SJM)

Cullen Investment Group LTD. decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 7,730 shares of the company’s stock after selling 173 shares during the quarter. Cullen Investment Group LTD.’s holdings in J. M. Smucker were worth $851,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after purchasing an additional 958,142 shares during the period. State Street Corp lifted its stake in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after acquiring an additional 762,746 shares in the last quarter. Bank of Montreal Can boosted its position in J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after acquiring an additional 523,803 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of J. M. Smucker by 891.3% in the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after purchasing an additional 521,404 shares during the last quarter. Finally, Ariel Investments LLC lifted its position in shares of J. M. Smucker by 56.0% in the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after purchasing an additional 486,624 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 994 shares of the business’s 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SJM shares. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays dropped their target price on 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. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $125.00 in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $127.33.

J. M. Smucker Trading Up 1.3 %

Shares of SJM stock opened at $102.22 on Tuesday. The stock has a market capitalization of $10.88 billion, a P/E ratio of 20.69, a P/E/G ratio of 3.46 and a beta of 0.28. 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 firm’s 50 day moving average is $112.41 and its 200 day moving average is $115.69. The J. M. Smucker Company has a 12-month low of $100.77 and a 12-month high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.59 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

J. M. Smucker Company 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.