The J. M. Smucker Company (NYSE:SJM) Shares Sold by Rodgers Brothers Inc.

Rodgers Brothers Inc. cut its stake in The J. M. Smucker Company (NYSE:SJM) by 38.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,602 shares of the company’s stock after selling 14,935 shares during the quarter. Rodgers Brothers Inc.’s holdings in J. M. Smucker were worth $2,599,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in J. M. Smucker by 21.8% in the third quarter. The Manufacturers Life Insurance Company now owns 84,462 shares of the company’s stock valued at $10,228,000 after purchasing an additional 15,092 shares during the period. Townsquare Capital LLC lifted its position in shares of J. M. Smucker by 14.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,358 shares of the company’s stock valued at $286,000 after buying an additional 298 shares in the last quarter. CreativeOne Wealth LLC grew its stake in J. M. Smucker by 12.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,120 shares of the company’s stock valued at $862,000 after acquiring an additional 764 shares during the period. Public Sector Pension Investment Board increased its holdings in J. M. Smucker by 14.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,618 shares of the company’s stock worth $559,000 after acquiring an additional 600 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in J. M. Smucker by 0.5% during the third quarter. Captrust Financial Advisors now owns 57,006 shares of the company’s stock worth $6,903,000 after acquiring an additional 308 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.5 %

SJM opened at $116.13 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The firm has a market cap of $12.36 billion, a P/E ratio of 23.51, a P/E/G ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 52 week low of $98.77 and a 52 week high of $125.75. The business has a fifty day simple moving average of $108.21 and a 200-day simple moving average of $112.17.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, equities analysts expect 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 given a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.72%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SJM shares. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson dropped their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price 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. Finally, Barclays cut their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average price target of $125.67.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.