The J. M. Smucker Company (NYSE:SJM) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lowered its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,836 shares of the company’s stock after selling 389 shares during the period. Cullen Frost Bankers Inc.’s holdings in J. M. Smucker were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJM. Farther Finance Advisors LLC raised its position in J. M. Smucker by 28.2% during the third quarter. Farther Finance Advisors LLC now owns 2,046 shares of the company’s stock worth $248,000 after acquiring an additional 450 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of J. M. Smucker by 5.7% during the third quarter. Van ECK Associates Corp now owns 4,718 shares of the company’s stock worth $555,000 after buying an additional 255 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of J. M. Smucker by 4.5% during the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company’s stock worth $16,405,000 after buying an additional 5,790 shares in the last quarter. Philip James Wealth Mangement LLC purchased a new stake in shares of J. M. Smucker during the third quarter worth about $247,000. Finally, Fiera Capital Corp purchased a new stake in shares of J. M. Smucker during the third quarter worth about $473,000. Institutional investors and hedge funds 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 on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction 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. The trade was a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $117.29 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. The firm has a 50 day moving average price of $106.28 and a 200 day moving average price of $112.87. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Sell-side analysts predict 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 disclosed 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.68%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. Barclays lowered their price target on shares of 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. StockNews.com downgraded shares of J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Wells Fargo & Company boosted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $126.13.

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.