The J. M. Smucker Company (NYSE:SJM) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust decreased its position in The J. M. Smucker Company (NYSE:SJM) by 22.3% during the 4th quarter, Holdings Channel reports. The fund owned 539 shares of the company’s stock after selling 155 shares during the quarter. Parkside Financial Bank & Trust’s holdings in J. M. Smucker were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its position in shares of J. M. Smucker by 17.9% in 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 during the last quarter. Trust Co. of Vermont increased its holdings in J. M. Smucker by 4.1% in the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after buying an additional 108 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after buying an additional 115 shares in the last quarter. Code Waechter LLC lifted its holdings in J. M. Smucker by 2.5% during the 4th quarter. Code Waechter LLC now owns 5,023 shares of the company’s stock worth $553,000 after buying an additional 124 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its holdings in J. M. Smucker by 35.7% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 475 shares of the company’s stock worth $52,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SJM. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company increased 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 note on Wednesday, November 27th. Barclays reduced their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Monday. Finally, TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $126.13.

J. M. Smucker Stock Up 1.5 %

SJM stock opened at $112.14 on Tuesday. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The company has a fifty day moving average price of $106.21 and a 200 day moving average price of $113.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.59.

J. M. Smucker (NYSE:SJM) last announced 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 business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.85%. J. M. Smucker’s dividend payout ratio (DPR) is currently -179.25%.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.40% of the company’s stock.

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.