The J. M. Smucker Company (NYSE:SJM) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,320 shares of the company’s stock after selling 670 shares during the period. SlateStone Wealth LLC’s holdings in J. M. Smucker were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp increased its position in J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after purchasing an additional 762,746 shares during the period. FMR LLC grew its holdings 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 worth $406,169,000 after acquiring an additional 958,142 shares during the period. Nordea Investment Management AB grew its holdings in shares of J. M. Smucker by 16.5% in the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after acquiring an additional 192,748 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of J. M. Smucker by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,003,042 shares of the company’s stock worth $110,455,000 after acquiring an additional 12,410 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of J. M. Smucker by 13.8% in the 4th quarter. Bank of New York Mellon Corp now owns 977,817 shares of the company’s stock worth $107,677,000 after acquiring an additional 118,240 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.1 %

Shares of J. M. Smucker stock opened at $111.62 on Monday. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. The firm has a market cap of $11.88 billion, a PE ratio of 22.59, a P/E/G ratio of 3.91 and a beta of 0.28. The business’s fifty day moving average is $106.53 and its two-hundred day moving average is $112.58. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. DA Davidson lowered their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Barclays lowered their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Finally, Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $126.00.

Insiders Place Their Bets

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 value of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker 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.